TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Los Angeles Influence Expands Investigation into Wyndham’s Role in LuxUrban Losses

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Los Angeles Influence
Los Angeles Influence Expands Investigation into Wyndham’s Role in LuxUrban Losses

A securities litigation firm is investigating Wyndham Hotels & Resorts for alleged false statements and misleading representations that impacted LuxUrban Hotels' stock price and business operations, focusing on a collapsed franchise partnership and unreleased Letter of Credit.

Insights
JPMpC   neutral

Fifth-largest holding at $7.45 million (3.6% of AUM), no specific performance details highlighted


LUXHQ   negative

Experienced significant stock price decline, partnership collapse, and potential legal challenges