Robbins LLP Announces LuxUrban Hotels Inc. Class Action Reminder

SAN DIEGO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Robbins LLP, a dedicated legal resource for shareholder rights, has notified the investor community of a pertinent deadline in a class action lawsuit filed on behalf of purchasers of securities from LuxUrban Hotels Inc. LUXH. The class action encompasses all persons and entities who bought or otherwise acquired LUXH securities within the period from November 8, 2023, through February 2, 2024. The focus of the lawsuit is on whether the company and its officers or directors may have breached their fiduciary duties, committed corporate waste, or engaged in other wrongful actions.

Lawsuit Overview

The class action alleges that LuxUrban Hotels Inc. may have provided misleading business information to the investing public. Investors who have suffered a loss and meet the class criteria are encouraged to contact Robbins LLP before the lead plaintiff deadline to ensure their rights are protected. The lawsuit serves as a reminder that investors should be vigilant about the integrity of corporate disclosures and the potential impact on their investments.

Participation in the Class Action

Eligible shareholders are reminded that they have a limited timeframe to petition the court for lead plaintiff status. Failure to act within the prescribed period could preclude an investor's participation in any potential recovery. This legal action is a way for harmed investors to seek recompense if they believe that LUXH has failed to adhere to its legal obligations pertaining to shareholder information and transparency.

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