Investors Sue Home REIT Over Alleged Misleading Claims
More than 800 investors are suing London-listed Home REIT in a lawsuit exceeding 120 million pounds. The claimants allege they were misled about the company financial strength and rental income security. Home REIT declined to comment on the filing.
More than 800 investors filed a lawsuit in the United Kingdom seeking over £120 million from Home REIT on Wednesday afternoon. The claimants allege the social housing firm misled them regarding rental income security, financial strength, and social impact. The legal action compounds financial pressure on the company, which faces a separate £300 million fraud and bribery investigation.
