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CommonWealth REIT (NYSE: CWH) Investor Securities Class Action Lawsuit 12/27/2012

  • If you purchased shares of CommonWealth REIT (NYSE: CWH), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
CommonWealth REIT
Security
NYSE: CWH

Case Name
CommonWealth REIT Shareholder Class Action Lawsuit 12/27/2012
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Massachusetts

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

June 9, 2014 - The parties filed a stipulation of voluntary dismissal with prejudice.
September 20, 2013 - Defendants filed a motion to dismiss.

July 22, 2013 - The lead plaintiff filed an amended complaint.

May 20, 2013 - The court denied defendants' motion to dismiss without prejudice.

February 25, 2013 - Lead plaintiff motions were filed.

January 22, 2013 - Defendants filed a motion to dismiss.

December 27, 2012 - An investor in shares of CommonWealth REIT (NYSE: CWH) filed a lawsuit in the U.S. District Court for the District of Massachusetts against CommonWealth REIT over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between January 10, 2012 and August 8, 2012.

According to the complaint the plaintiff alleges on behalf of purchasers of CommonWealth REIT (NYSE: CWH) common shares during the period between January 10, 2012 and August 8, 2012, that CommonWealth REIT and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing materially allegedly false and misleading statements regarding CommonWealth REIT’s financial performance and future prospects.

CommonWealth REIT is a real estate investment trust, which primarily owns office and industrial properties located throughout the United States.

CommonWealth REIT (NYSE: CWH) reported that its annual Revenue rose from $752.11 million in 2008 to $911.95 million in 2011. However its Net Income decreased from $244.65 million in 2008 to $109.98 million in 2011.

On August 8, 2012, CommonWealth REIT (NYSE: CWH) announced financial results for the quarter and six months ended June 30, 2012.

Shares of CommonWealth REIT (NYSE: CWH) declined from as high as $19.36 per share on July 20, 2012, to as low as $13.58 per share on October 26, 2012.

On December 27, 2012, CommonWealth REIT (NYSE: CWH) shares closed at $15.76 per share.