Washington Prime Group, Inc. is facing a class action lawsuit alleging that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) WPG’s financial condition was deteriorating substantially; (2) as a result, there was substantial uncertainty about the Company’s ability to meet its capital structure obligations as they became due; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you incurred a loss on WPG stocks purchased between November 5, 2020 and March 4, 2021, this lawsuit is on your behalf. The lawsuit was filed in the United States District Court for the Southern District of Ohio, and our firm is reaching out to investors to discuss their legal rights.
If you wish to act as a representative of the shareholders harmed by this misconduct, you may ask the court to appoint you as lead plaintiff. A lead plaintiff directs the litigation and participates in important decisions, including whether to accept a settlement for the class in the action.
You only have until July 23, 2021 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
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