Law Office of Christopher J. Gray, P.C. and co-counsel have filed a class action lawsuit in the United States District Court for the District of Nevada on behalf of all shareholders of The Parking REIT, Inc. “Parking REIT”) and MVP Monthly Income Realty Trust, Inc. (“MVP REIT I”) between August 11, 2017 and December 15, 2017.
On December 15, 2017, the merger of Parking REIT (then known as MVP REIT II, Inc.) and MVP REIT I (the “MVP Merger”) was consummated. The complaint is captioned SIPDA Revocable Trust v. The Parking REIT, Inc., et al. (Case No. 2:19-cv-00428-APG-NJK), and 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. The complaint is accessible via the link below.
If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2019. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.
A CLASS HAS NOT BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE.
Class members with questions about participating in the class action may contact Law Office of Christopher J. Gray, P.C. at (866) 966-9598 or via email at firstname.lastname@example.org for a no-cost, confidential consultation. Attorneys at the firm are admitted in New York, New Jersey, Wisconsin and various federal courts around the country, and handle cases nationwide (in cooperation with attorneys located in those states if required by applicable rules).