Investors Say REITs Misled Them Into Delaying Liquidations

By Isaac Monterose · November 8, 2024, 5:06 PM EST

A group of retail-focused, non-traded real estate investment trusts misled shareholders into approving charter amendments that stopped shares liquidation and prevented them from making money off their investments, a proposed class...

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Case Information

Case Title

AYER et al v. LIGHTSTONE VALUE PLUS REIT I, INC. et al

Case Number

3:24-cv-10371

Court

New Jersey

Nature of Suit

Stockholders Suits

Date Filed

November 07, 2024