Recent Security Class Actions

LuxUrban Hotels Inc. Common Stock (NASDAQ: LUXH)

Company Name:LuxUrban Hotels Inc. Common Stock
Stock Symbol:NASDAQ: LUXH
Class Period Start:11/08/2023
Class Period End (inclusive):02/02/2024
Filing Deadline:04/12/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company had not signed a lease with the Royalton Hotel; (2) that, as a result, LuxUrban’s total reported units was overstated; (3) that LuxUrban faced multiple lawsuits for unpaid rent; and (4) 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.