US EditionREIT Investors Win $12M Deal in NexPoint Merger Lawsuit - USA Herald
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REIT Investors Win $12M Deal in NexPoint Merger Lawsuit - USA Herald
A New York federal judge has granted final approval to a $12 million settlement in a securities class action brought by REIT investors against Jernigan Capital, now NexPoint Storage Partners Inc., over alleged omissions of material information in a 2020 merger with NexPoint Advisors. U.S. District Judge Jennifer L. Rochon of the Southern District of New York signed off on the settlement, concluding nearly four years of litigation that began in N…
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