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In re Apple REITs Litigation
Case Number:
1:11-cv-02919
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bingham McCutchen
- Chimicles Schwartz
- Gainey McKenna
- Girard Sharp
- Kaplan Fox
- Kirby McInerney
- McGuireWoods
- Meyer Wilson
- Morgan Lewis
- Zamansky LLC
Companies
Sectors & Industries:
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April 02, 2013
Investors' $6B Suit Against DLA, Apple REIT Gets Tossed
Brokerage David Lerner Associates Inc. and Apple REIT Inc. on Sunday won a bid to toss a $6 billion class action accusing them of misleading investors and inflating shares.
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July 16, 2012
Apple REITs, DLA Seek To Toss $6B Investor Class Action
David Lerner Associates Inc. and Apple REIT Inc. filed separate motions in New York federal court Friday seeking to dismiss a $6 billion class action claiming they misled investors and inflated shares, arguing that the plaintiffs cannot show they have suffered any loss.
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June 20, 2011
Investment Firm DLA Sued Over $6B REIT Ponzi Scheme
David Lerner Associates Inc. was hit with a putative class action in New Jersey on Monday by Apple REIT shareholders who claim the investment firm misled elderly and unsophisticated investors in a $6 billion Ponzi scheme.