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The Parking Reit, Inc.

Case Summary

The Parking Reit, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 11/30/2020 (Date of last review)

Filing Date: March 12, 2019

According to the law firm press release, on December 15, 2017, the merger of Parking REIT (then known as MVP REIT II, Inc.) and MVP REIT I was consummated. The Complaint alleges that Defendants solicited stockholders’ votes in support of the merger through proxy statements that omitted material facts necessary to make the statements therein not false or misleading. The Complaint further alleges that stockholders were damaged as a result of the concealment of this material information.

On June 13, 2019, the Court issued an Order appointing Lead Plaintiff and Co-Lead Counsel. Lead Plaintiff filed an amended Complaint on October 11. Defendants filed Motions to Dismiss the amended Complaint on January 9, 2020. On November 30, the Court denied as moot the Motions to Dismiss the amended Complaint.

Company & Securities Information

Defendant: The Parking Reit, Inc.

COMPANY INFORMATION:

Sector: Financial
Industry: Other (Mutual Fund)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: N/A
Company Market: N/A
Market Status: Unknown

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

SIPDA Revocable Trust, et al. v. The Parking Reit, Inc., et al.

COURT: D. Nevada
DOCKET #: 19-CV-00428
JUDGE: Hon. Andrew P. Gordon
DATE FILED: 03/12/2019
CLASS PERIOD START: 08/11/2017
CLASS PERIOD END: 12/15/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Law Office of Christopher J. Gray, P.C.
  2. Law Office of Hayes & Welsh
  3. Law Offices of Joshua B. Kons, LLC
  4. Levi & Korsinsky LLP (DC)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 03/12/2019
2 U.S. District Court Civil Docket 06/13/2019
3 Order Granting Plaintiff's Motion for Appointment as Lead Plaintiff, and Approval of Selection of Co-Lead Counsel and Liason Counsel 06/13/2019

Reference Complaint

SIPDA Revocable Trust by Trenton J. Warner, Director, et al. v. The Parking Reit, Inc., et al.

COURT: D. Nevada
DOCKET #: 19-CV-00428
JUDGE: Hon. Andrew P. Gordon
DATE FILED: 10/11/2019
CLASS PERIOD START: 08/11/2017
CLASS PERIOD END: 04/01/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Law Office of Christopher J. Gray, P.C. (NY)
  2. Law Office of Hayes & Welsh
  3. Levi & Korsinsky LLP (DC)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 First Amended Class Action Complaint 10/11/2019
2 U.S. District Court Civil Docket 09/15/2020
3 Order Granting Consent Motion to Stay Action Pending Mediation 09/15/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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