Securities Class Action Lawsuit Filed Against Phoenix American Hospitality and Related Entities
A securities class action lawsuit has been filed by Bronstein, Gewirtz & Grossman LLC against Phoenix American Hospitality, LLC, along with two affiliated REITs—American Hospitality Properties REIT, Inc. and American Hospitality Properties REIT II, Inc.—and William Lee Nelson. The suit alleges that the defendants made false or misleading statements regarding their business operations during a specified class period from March 1, 2022, to July 31, 2024. The lawsuit claims these misrepresentations were later contradicted by subsequent SEC filings and disclosures. Investors who purchased securities in either REIT within the stated timeframe are encouraged to join the case through the firm’s website. The deadline for lead plaintiff consideration is November 16, 2026. Bronstein, Gewirtz & Grossman represents investors on a contingency basis, meaning they only receive compensation if successful. This law firm has previously secured hundreds of millions in recoveries for investor fraud cases.
Topics: class action lawsuit investor rights securities fraud