AYER et al v. LIGHTSTONE VALUE PLUS REIT I, INC. et al

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Case Number:

3:24-cv-10371

Court:

New Jersey

Nature of Suit:

Stockholders Suits

Judge:

Michael A. Shipp

Firms

  1. September 02, 2025

    NJ Judge Tosses REIT Shareholders' Liquidation Suit

    A New Jersey federal judge has rejected a proposed class action filed by shareholders accusing several real estate investment trusts and other parties of misleading them in order to avoid liquidating the REITs, ruling the claims must be thrown out without prejudice.

  2. November 08, 2024

    Investors Say REITs Misled Them Into Delaying Liquidations

    A group of retail-focused, non-traded real estate investment trusts misled shareholders into approving charter amendments that stopped shares liquidation and prevented them from making money off their investments, a proposed class claimed in New Jersey federal court.