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The filed complaint alleges that Service Properties Trust made materially false and/or misleading statements and/or failed to disclose that: On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share. SVC also announced plans to sell roughly half of its hotel properties in order to boost its liquidity and pay down debt. Following this news, SVC's stock price fell over 16% the same day.
In order to be eligible to join the SVC class action lawsuit, you must have incurred a loss on shares of Service Properties Trust purchased during the class period listed above.
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