HOUSTON, May 31, 2019 /PRNewswire/ -- A class action
lawsuit has been filed on behalf of investors of Whitestone REIT
(NYSE: WSR). Shareholders who purchased at least 1,000 shares of
WSR stock between May 9, 2018 and
February 27, 2019, and are interested
in learning about participating as a lead plaintiff in the lawsuit,
are encouraged to contact the Thornton Law Firm at
shareholder@tenlaw.com, or call 617-531-3917 to discuss their
rights.
Investors interested in serving as a lead plaintiff have until
June 17, 2019 to apply. The lawsuit
alleges violations of the federal securities laws, and the class
has not yet been certified. Until certification occurs, you are not
represented by an attorney. If you choose to take no action, you
can remain an absent class member.
According to the lawsuit, Whitestone made materially false or
misleading statements, or failed to disclose, that: (1) Whitestone
lacked effective internal control over financial reporting; (2)
Whitestone was incorrectly recognizing assets and liabilities; (3)
Whitestone's financial statements for the fiscal year 2018 were
overstating revenues; and (4) Whitestone's financial statements for
the fiscal year 2018 could no longer be relied upon. Whitestone's
stock dropped over 14% when the alleged truth was disclosed to
investors.
If you purchased at least 1,000 shares of Whitestone REIT stock
(NYSE: WSR) between May 9, 2018 and
February 27, 2019, and are interested
in learning about serving as a lead plaintiff, please contact the
Thornton Law Firm's shareholder rights team at
shareholder@tenlaw.com, or call 617-531-3917. All communications
will be treated in a confidential manner.
Thornton Law Firm's securities attorneys specialize in
representing individual shareholders and institutional investors in
recovering damages caused by corporate wrongdoing or fraud. Its
attorneys have decades of experience litigating securities cases in
courts throughout the country and have a proven track record of
recovering losses on behalf of shareholders.
This press release may be considered Attorney Advertising in
some jurisdictions. Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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SOURCE Thornton Law Firm LLP