NEW YORK, August 26, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Grubhub (NYSE: GRUB) on behalf of stockholders.
On July 11, 2019, the New York Post reported that a New York City council member, Mark Gjonaj, asked New York’s Attorney General to commence an antitrust probe of Grubhub in a letter dated July 2, 2019. Gjonaj stated that the “time may have come” for the Attorney General to revisit the terms of a 2013 settlement agreement that cleared the way for Grubhub’s acquisition of Seamless. He also stated “that Grubhub’s outsized market share and heavy-handed tactics could lead to artificially reduced competition which in turn may drive up the commissions paid by struggling locally owned restaurants.”
The Post also reported that, “In June, the City Council held a hearing on how Grubhub charges fees as high as 30% for its services and questioned Grubhub executives about The Post’s reports that the company charged restaurants thousands of dollars in commissions for phone orders that never happened.”
Additionally, the Post reported that “New York’s Liquor Authority was developing new rules that will significantly curb the delivery industry’s ability to charge double-digit percentages for online ordering and delivery.”
If you are a long term stockholder of Grubhub, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.