Deadline on April 12th coming up in Lawsuit for Investors in LuxUrban Hotels Inc. (NASDAQ: LUXH)

A deadline is coming up on April 12, 2024 in the lawsuit filed for certain investors of LuxUrban Hotels Inc. (NASDAQ: LUXH) over alleged securities laws violations by LuxUrban Hotels Inc.

Investors who purchased shares of LuxUrban Hotels Inc. (NASDAQ: LUXH) have certain options and there are strict and short deadlines running. Deadline: April 12, 2024. NASDAQ: LUXH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of LuxUrban Hotels Inc. (NASDAQ: LUXH) common shares between November 8, 2023 and February 2, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 8, 2023 and February 2, 2024, the Defendants failed to disclose to investors that the Company had not signed a lease with the Royalton Hotel, that, as a result, LuxUrban's total reported units was overstated, that LuxUrban faced multiple lawsuits for unpaid rent, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of LuxUrban Hotels Inc. (NASDAQ: LUXH) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.