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Grubhub Facing 14 Investor Lawsuits Over Just Eat Takeaway Merger


GrubHub CEO Matt Maloney (C) applauds after ringing the opening bell before the company s IPO on the floor of the New York Stock Exchange in New York April 4, 2014. Shares of GrubHub Inc, the biggest U.S. online food-delivery service, rose as much as 57 percent in its market debut as investors scrambled for a piece of the fast-growing consumer internet company.
REUTERS/Lucas Jackson
The lawsuits claim Grubhub withheld key financial protections and executives conflicts of interest.
Investors want the court to invalidate the merger until Grubhub secures a better deal for them.
Grubhub disclosed in a regulatory filing Thursday that it s facing 14 lawsuits from investors who say the company misled them about its plans to be acquired by Dutch food delivery giant Just Eat Takeaway. ....

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Lenasia Police Warns Residents Criminals Using Food Apps and Uber to Commit Crimes

Lenasia Police Warns Residents Criminals Using Food Apps and Uber to Commit Crimes
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