Examples of Apple REITs in a sentence
Nonetheless, the Plaintiffs have made no attempt to distinguish this case from the Apple REITs decision on this issue.
Despite these agreements, throughout the life of the DRIPs, Apple REITs shares were consistently sold at an artificial price of $11 per share that did not reflect fair value.
The Apple REITs further agreed to price the DRIP shares utilizing the most recent price at which an unrelated person had purchased units of the Apple REITs or, if that price was not indicative of fair value, to utilize good faith judgment in determining the share price of the DRIP.
It was not until March of 2013 that Defendant, for the first time, admitted in public filings that—despite representations that the boards of the Apple REITs would use the stated calculations to determine fair market value—the DRIP price was not actually based on any appraisal or valuation of the shares.Plaintiff alleges that as a result of Defendant’s misconduct, DRIP participants were overcharged for each share they received.
The objection must also include the Class member’s name, address, telephone number, the number and class of Apple REITs shares that the Class member held, the number and class of Apple REITs shares that the Class member purchased in the DRIPs, and the dates of purchase of the DRIP shares.
Individual plaintiff Berger alleges claims against the DLA Defendants, Apple REITs Eight, Nine and Ten, the Apple Individuals, and Knight, pursuant to Connecticut’s Blue Sky law, CUSA §§ 36b-4, 36b-5, and 36b-29(a).
The Apple REITs expressly caution in their prospectuses that their objectives are forward-looking.
On February 17, 2012, lead plaintiffs and lead counsel in the In re Apple REITs Litigation , Civil Action No. 1:11-cv-02919-KAM-JO, filed an amended consolidated complaint in the United States District Court for the Eastern District of New York against the Company, Apple Suites Realty Group, Inc., Apple Eight Advisors, Inc., Apple Nine Advisors, Inc., Apple Ten Advisors, Inc., Apple Fund Management, LLC, Apple REIT Six, Inc., Apple REIT Seven, Inc., Apple REIT Eight, Inc.
The Apple REITs are non-traded public companies subject to Securities and Exchange Commission (“SEC”) reporting, that offer and sell non-traded security interests, primarily in hotel revenues.2 (Id. ¶ 73; see also id.
Lastly, individual plaintiff Murray alleges claims against the DLA Defendants, Apple REITs Eight, Nine and Ten, the Apple Individuals, and Knight, pursuant to Florida’s Blue Sky law, FSIPA § 517.301 (Compl.