Wheeler Real Estate Investment Trust Inc. Common Stock (NASDAQ: WHLR)
The Complaint alleges several self-interested and bad-faith decisions by members of the Company’s board and management to take advantage of that rights offering to enrich themselves and their fellow insiders, increase their percentage ownership in the Company, and establish effective majority control over the Company, to the detriment of the Company and all Class members, whose ownership and voting power have been severely diluted by these actions.