REIT Hit With Suit By Ex-CEO Over Share Buyback Conflict

By Sydney Price (April 11, 2024, 9:10 PM EDT) -- A real estate investment trust has been hit with a proposed class action by its former CEO alleging the company's insiders breached their fiduciary duties by failing to make a legitimate effort to repurchase certain preferred shares prior to their redemption date, leading to severe dilution of the common shares....

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