Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

LUXURBAN HOTELS INC. (LUXH) Class Action Lawsuit (February 2024)

Settlement

1:24cv1030 • February 12, 2024

Class Period Start

May 8, 2023

Class Period End

November 18, 2024

PSLRA Deadline

April 12, 2024

Case Allegations

10b5

Statutes of Repose

May 8, 2026

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

August 10, 2026

Settlement Fund

$3,000,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or acquired the publicly traded common stock and/or preferred stock of LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) during the period from May 9, 2023 through August 20, 2024, inclusive.

Claim Administrator

Strategic Claims Services
600 N. Jackson Street, Suite 205 P.O. Box 230 Media, PA 19063
+1 866-274-4004
[email protected]

Hearing Date

September 8, 2026

Opt-out Deadline

August 18, 2026

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Sep 8, 2026

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Aug 4, 2026

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Mar 31, 2026

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Mar 31, 2026

Notice of Pendency

Mar 31, 2026

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Mar 26, 2026

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Jan 16, 2026

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Jul 25, 2025

Motion to Dismiss Denied in Part

The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.

Dec 20, 2024

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Sep 4, 2024

First Amended Complaint

A new complaint has been filed on behalf of certain investors in LUXURBAN HOTELS INC.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jun 18, 2024

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Feb 12, 2024

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in LUXURBAN HOTELS INC..

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