U.S. markets open in 2 hours 11 minutes
  • S&P Futures

    3,889.75
    +22.25 (+0.58%)
     
  • Dow Futures

    31,562.00
    +204.00 (+0.65%)
     
  • Nasdaq Futures

    13,137.50
    +82.25 (+0.63%)
     
  • Russell 2000 Futures

    2,252.50
    +23.40 (+1.05%)
     
  • Crude Oil

    60.72
    +0.97 (+1.62%)
     
  • Gold

    1,722.70
    -10.90 (-0.63%)
     
  • Silver

    26.66
    -0.22 (-0.81%)
     
  • EUR/USD

    1.2067
    -0.0020 (-0.17%)
     
  • 10-Yr Bond

    1.4150
    0.0000 (0.00%)
     
  • Vix

    22.84
    -0.51 (-2.18%)
     
  • GBP/USD

    1.3959
    +0.0003 (+0.02%)
     
  • USD/JPY

    106.9800
    +0.2700 (+0.25%)
     
  • BTC-USD

    51,440.02
    +2,582.16 (+5.29%)
     
  • CMC Crypto 200

    1,027.54
    +39.44 (+3.99%)
     
  • FTSE 100

    6,672.37
    +58.62 (+0.89%)
     
  • Nikkei 225

    29,559.10
    +150.93 (+0.51%)
     

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Washington Prime Group Inc. WPG

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, NY / ACCESSWIRE / February 20, 2021 / Pomerantz LLP is investigating claims on behalf of investors of Washington Prime Group Inc. ("WPG" or the "Company") (NYSE:WPG). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether WPG and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 16, 2021, in a filing with the U.S. Securities and Exchange Commission ("SEC"), WPG disclosed that, on February 15, 2021, Washington Prime Group, L.P. ("WPG L.P."), the operating partnership of WPG, had "elected to withhold an interest payment of $23.2 million due on February 15, 2021 with respect to WPG L.P.'s outstanding Senior Notes due 2024," and that "WPG L.P. has a 30-day grace period to make the interest payment before such non-payment constitutes an ‘event of default.'" The SEC filing further advised that, in an event of default, certain counterparties to the senior notes "could accelerate the outstanding indebtedness due . . . making such indebtedness due and payable, which would result in a cross-default with respect to some of WPG L.P.'s or the Company's other indebtedness."

Following the SEC filing, WPG's stock price fell $4.59 per share, or 38%, to close at $7.49 per share on February 16, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP



View source version on accesswire.com:
https://www.accesswire.com/630877/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Washington-Prime-Group-Inc-WPG