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Wenzel v. Knight et al
Case Number:
3:14-cv-00432
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 01, 2015
Apple Hospitality REIT Shareholder's Class Action Tossed
A Virginia federal judge dismissed a shareholder's putative class action alleging Apple Hospitality REIT Inc. directors set artificially high prices in a dividend reinvestment program, ruling that the program worked as designed and the lawsuit failed to properly plead any of its six class claims.
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July 18, 2014
Apple REIT Fires Back At Shareholder Suit Slamming Merger
Apple Hospitality REIT on Friday shot back at a shareholder's lawsuit accusing the real estate investment trust of purposefully misleading investors and pricing shares above market value during a complex merger of several affiliated REITs, contending the complaint fails to make a single factual accusation.