Hotel chain La Quinta can rest easy after a team from Simpson Thacher & Bartlett got a would-be securities fraud class action in the Southern District of New York dismissed with prejudice on Thursday.
The hotel chain went public on April 14, 2014, but its stock price soon began to tank, going from a high of $24.89 at the beginning of the class period in November 2014 to $10.19 in February of 2016.
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