Alleged violations of the Securities Act of 1933 dismissed against distributor of REIT shares

March 1, 2015

Representation of five Real Estate Investment Trusts, several subsidiary companies, and certain directors and officers in consolidated securities class action in federal court in New York. The consolidated complaint alleged violations of Sections 11, 12 and 15 of the Securities Act of 1933, state securities laws, breach of fiduciary duty, unjust enrichment and negligence. Defendants’ Motions to Dismiss were granted and the case was dismissed with prejudice. We prevailed on the appeal to the 4th Circuit.
Back to top