LOS ANGELES–(BUSINESS WIRE)–$WSR #ClassAction—The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Whitestone REIT (“Whitestone” or “the Company”) (NYSE: WSR)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Whitestone failed to maintain sufficient internal controls on
financial reporting. The Company incorrectly recognized assets and
liabilities aligned with its contributions to Pillarstone Capital REIT
Operating Partnership LP. The Company’s fiscal statements for fiscal
year 2018 overstated revenues and could not be relied upon by investors.
Based on these facts, the Company’s public statements were false and
materially misleading throughout the class period. When the market
learned the truth about Whitestone, investors suffered damages.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm,
1880 Century Park East, Suite 404, Los Angeles, CA 90067, at
424-303-1964, to discuss your rights free of charge. You can also reach
us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell:
424-303-1964
[email protected]
www.schallfirm.com
