The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that WPG’s financial condition was deteriorating substantially; (2) that, as a result, there was substantial uncertainty about the Company’s ability to meet its capital structure obligations as they became due; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Washington Prime Group, Inc. Securities Litigation
May 27, 2021 | Washington Prime Group Inc. Common Stock NYSE: WPG | Case Status: Filed
Filing Deadline: July 23, 2021
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First Identified Complaint
Randy Slipher, et al. v. Washington Prime Group, Inc., et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint for Violations of the Federal Securities Laws||May 24th, 2021|
|2||U.S. District Court Civil Docket||May 24th, 2021|