- GrubHub (NYSE:GRUB) tells Bloomberg it will work with the New York State Liquor Authority and already "operates in full compliance" with the SLA's declaratory ruling from late last year.
- Statement: "To our knowledge, we are the only third-party national delivery provider in possession of such a ruling from the SLA and will gladly work with them on any updates to their guidelines."
- GRUB notes the SLA doesn't have jurisdiction over food sales.
- Earlier this week, the New York Post reported the SLA wants to limit the "stiff fees" charged by GRUB and other delivery companies.
- GRUB shares are up 0.7% pre-market to $74.50. Shares are down nearly 4% for the week.