Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Phoenix American Hospitality, LLC, American Hospitality Properties REIT, Inc., American Hospitality Properties REIT II, Inc., and William Lee Nelson.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired securities in American Hospitality Properties REIT, Inc., and/or American Hospitality REIT II, Inc., between March 1, 2022 and July 31, 2024, both dates inclusive (the “Class Period”).
Lead Plaintiff Deadline: November 16, 2026. Investors who purchased or otherwise acquired securities in American Hospitality Properties REIT, Inc., and/or American Hospitality REIT II, Inc., between March 1, 2022 and July 31, 2024, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case.
Phoenix Case Details
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
- Phoenix’s public statements concerning its business and operations were materially false and/or misleading; and
- Subsequent SEC filings and disclosures revealed the truth concerning Phoenix’s operations and the falsity of Defendants’ prior statements.
What’s Next for Phoenix Investors?
A class action lawsuit has already been filed. You may review a copy of the Complaint. You may also contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911. If you suffered a loss, you have until November 16, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff.
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”