Wheeler Real Estate stock jumps 182% after Cedar Realty lawsuit dismissal

seekingalpha

2024-09-06

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) stock skyrocketed 182% on Friday during pre-market trade as the company and Cedar Realty (CDR.PR.C) (CDR.PR.B) announced dismissal of lawsuit filed by Cedar's preferred stock holders against Cedar, Wheeler (WHLR) and Cedar's former board of directors.
Wheeler (WHLR) acquired all of Cedar's outstanding common stock in August 2022.
The complaint contained allegations against Cedar and its former directors for breach of contract related to the terms of the contract governing Cedar's preferred stock, breach of fiduciary duty against Cedar's former directors, and tort claims against Wheeler.
The appellate court stated "courts are not time machines for disgruntled buyers. We resolve legal claims. And plaintiffs do not adequately allege that defendants violated any legal right or duty - they only allege that they regret the terms they bargained for."

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We resolve legal claims. And plaintiffs do not adequately allege that defendants violated any legal right or duty - they only allege that they regret the terms they bargained for.\"</li> </ul> </body></html>","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Wheeler Real Estate stock jumps 182% after Cedar Realty lawsuit dismissal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWheeler Real Estate stock jumps 182% after Cedar Realty lawsuit dismissal\n</h2>\n<h4 class=\"meta\">\n\n\n2024-09-06 17:44 GMT+8   <a href=\"https://seekingalpha.com/news/4147581-wheeler-real-estate-stock-jumps-182-after-cedar-realty-lawsuit-dismissal\"><strong>seekingalpha</strong></a>\n</h4>\n</header>\n<article>\n<div>\n<p>Wheeler Real Estate Investment Trust (NASDAQ:WHLR) stock skyrocketed 182% on Friday during pre-market trade as the company and Cedar Realty (CDR.PR.C) (CDR.PR.B) announced dismissal of lawsuit filed ...</p>\n<a href=\"https://seekingalpha.com/news/4147581-wheeler-real-estate-stock-jumps-182-after-cedar-realty-lawsuit-dismissal\">网页链接</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WHLR","symbol_name":"Wheeler Real Estate Investment Trust","start_time":0,"source_url":"https://seekingalpha.com/news/4147581-wheeler-real-estate-stock-jumps-182-after-cedar-realty-lawsuit-dismissal","article_id":"2465667781","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465667781","pubTimestamp":1725615894,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Wheeler Real Estate Investment Trust  stock skyrocketed 182% on Friday during pre-market trade as the company and Cedar Realty   announced dismissal of lawsuit filed by Cedar's preferred stock holders against Cedar, Wheeler  and Cedar's former board of directors. Wheeler  acquired all of Cedar's outstanding common stock in August 2022.  The complaint contained allegations against Cedar and its former directors for breach of contract related to the terms of the contract governing Cedar's preferred stock, breach of fiduciary duty against Cedar's former directors, and tort claims against Wheeler. The appellate court stated \"courts are not time machines for disgruntled buyers. We resolve legal claims. And plaintiffs do not adequately allege that defendants violated any legal right or duty - they only allege that they regret the terms they bargained for.\"","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WHLR":"Wheeler Real Estate Investment Trust","CDR":"西连购物中心","CFA.SI":"NikkoAM-STC Asia REIT","BK4080":"零售业房地产投资信托","BK4231":"零售房地产信托"},"translate_title":"Cedar Realty诉讼被驳回后，Wheeler Real Estate股价上涨182%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CDR":1,"CFA.SI":1,"WHLR":1},"content_text":"Wheeler Real Estate Investment Trust (NASDAQ:WHLR) stock skyrocketed 182% on Friday during pre-market trade as the company and Cedar Realty (CDR.PR.C) (CDR.PR.B) announced dismissal of lawsuit filed by Cedar's preferred stock holders against Cedar, Wheeler (WHLR) and Cedar's former board of directors. Wheeler (WHLR) acquired all of Cedar's outstanding common stock in August 2022.  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