LuxUrban Hotels faces a class action lawsuit over undisclosed rental issues and a Master Lease Agreement.
LuxUrban Hotels (LUXH) faces a class action lawsuit for allegedly not disclosing ongoing legal issues regarding unpaid rent and a Master Lease Agreement with the Royalton Hotel. The suit covers investors who purchased securities between Nov 8, 2023, and Feb 2, 2024. LuxUrban's stock price dropped after the allegations were made public, potentially making shareholders eligible to participate in the class action.
April 02, 2024
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