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.
Industry: Other (Mutual Fund)
Headquarters: United States
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.