Del Taco Restaurants Inc (NASDAQ:TACO) Investor Investigation Concerning Potential Violations Of Securities Laws Announced

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Company Name(s): 
Del Taco Restaurants
Affected Securities: 
NASDAQ: TACO

April 19, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Del Taco Restaurants Inc (NASDAQ:TACO) shares over potential securities laws violations by Del Taco Restaurants Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Del Taco Restaurants Inc (NASDAQ:TACO) concerning whether a series of statements by Del Taco Restaurants Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Del Taco Restaurants Inc reported that its Total Revenue rose from $424 million for the 52 weeks period that ended on December 29, 2015 to $452.08 million for the 53 weeks period that ended on January 3, 2017 and that its Net Income for those time periods increased from $4.76 million to $20.91 million.

On April 12, 2017, a report was published on alleging that Del Taco Restaurants Inc
(NASDAQ:TACO) overstated its EBITDA by as much as 20% and its income before taxes by as much as 38% by inappropriately capitalizing expenses related to store maintenance.