Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Washington Prime Group, Inc.
FREE TIME FOR APPLICANTS IS JULY 23, 2021
NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that Washington Prime Group, Inc. (“Washington Prime” or “WPG”) (NYSE: WPG) has announced that it will take action against the United States District Court for the Southern District of Ohio on behalf of those who have purchased or otherwise acquired publicly traded Washington Prime securities between November 5, 2020 and March 4, 2021 (the “Collection Period”).
Any investor who has bought Washington Prime Group, Inc. stock. and any losses incurred are urged to contact the company immediately firstname.lastname@example.org or (800) 575-0735 or (212) 545-4774. You can get more information about the promotion or join the case on our website, www.whafh.com.
If you suffered a loss on your investment in Washington Prime Group, Inc. shares, You can, no later than July 23, 2021, request that the court appoint you as the lead plaintiff of the proposed group. Please contact Wolf Haldenstein to learn more about your rights as an investor in Washington Prime Group, Inc. shares.
CLICK HERE TO JOIN THE CASE
On February 16, 2021, WPG announced that its operating partnership, Washington Prime Group, LP (“WPG LP”), “an interest payment of 23.2 million due February 15, 2021 due 2024” and that “WPG LP has a grace period of 30 days to pay interest before such non-payment constitutes a “default”. ”The Company also noted that if certain counterparties to the Senior Notes were to default, certain counterparties to the Senior Notes“ could expedite the outstanding debt. . . Maturity and maturity of such debt, which would lead to a mutual default in payment with respect to part of the other liabilities of WPG LP or the company. ”
As a result of this news, the company’s share price fell $ 4.59, or 38%, to close at $ 7.49 per share on February 16, 2021 with unusually high volume.
The story goes on
Then, on March 4, 2021, Bloomberg reported that WPG “is preparing a possible bankruptcy filing as time runs out to avert a default after skipping an interest payment on its debt, according to people who know the plans.”
As a result of this news, the company’s share price fell $ 3.77, or 60%, to close at $ 2.51 per share on March 4, 2021 with unusually high volume.
Wolf Haldenstein has extensive experience prosecuting securities class actions and derivatives disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in New York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class action lawsuits have been recognized repeatedly by the courts who have appointed them to key positions in complex securities, multi-district and consolidated litigation.
If you would like to discuss this measure or have questions about your rights and interests in this case, please contact Wolf Haldenstein immediately by telephone at (800) 575-0735, by email at email@example.com or visit our website .
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, director of case and financial analysis
Email: firstname.lastname@example.org, email@example.com or firstname.lastname@example.org
Tel: (800) 575-0735 or (212) 545-4774
This press release may be viewed as a solicitation in some jurisdictions subject to applicable laws and ethical rules.