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: 12.5px; color: #7E829C; margin: 0;}\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</h4><p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2024-09-06 17:44</span>\n</p>\n</header>\n<article>\n<ul> <li><a href=\"https://laohu8.com/S/WHLR\">Wheeler Real Estate Investment Trust</a> (<span>NASDAQ:WHLR</span>) <span>stock skyrocketed 182%</span> 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.</li> <li>Wheeler (WHLR<span>) </span>acquired<span> all of Cedar's outstanding common stock in August 2022.</span> </li> <li>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.</li> <li>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.\"</li> </ul>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://seekingalpha.com/news/4147581-wheeler-real-estate-stock-jumps-182-after-cedar-realty-lawsuit-dismissal\">seekingalpha</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4231","symbol_name":"零售房地產信託","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. 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