Phoenix American Hospitality and affiliated companies
Hotel investment offerings and real estate investment trusts
Phoenix American Hospitality Hotel Investment Securities Litigation
New Filing
Bronstein, Gewirtz & Grossman filed a securities class-action lawsuit against Phoenix American Hospitality and affiliated REITs, alleging that they made false or misleading statements about hotel investment offerings, business operations, hotel ownership, and investor distributions. The matter was filed shortly before the companies’ Chapter 11 bankruptcy filings, and no later procedural stage is specified.
Case updates and reports
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