Levi & Korsinsky, LLP has 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. (NASDAQ: PARK) (“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.
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.
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