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Los Angeles, CA, Oct. 06, 2025 (GLOBE NEWSWIRE) — U.S. District Judge Paul Engelmayer ruled that claims related to LuxUrban’s Q1 2024 financial statements failed to meet the standard for pleading fraud. As a result, the core financial fraud allegations were dismissed. The remaining claims are limited to whether certain hotel properties were accurately described as being under lease — a dispute that, while allowed to proceed, does not involve allegations of financial errors. Stanford…
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Los Angeles, CA, Oct. 06, 2025 (GLOBE NEWSWIRE) — U.S. District Judge Paul Engelmayer ruled that claims related to LuxUrban’s Q1 2024 financial statements failed to meet the standard for pleading fraud. As a result, the core financial fraud allegations were dismissed. The remaining claims are limited to whether certain hotel properties were accurately described as being under lease — a dispute that, while allowed to proceed, does not involve allegations of financial errors. Stanford…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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