The settlement of this federal securities fraud class action lawsuit is on behalf of Wheeler Real Estate Investment Trust, Inc. (“Wheeler”) (NASDAQ: WHLR) investors who (1) purchased or otherwise acquired Wheeler common stock between August 16, 2021 and September 20, 2023, inclusive (the “Class Period”); and/or (2) held Wheeler common stock as of August 16, 2021.
Wheeler agreed to pay $7,125,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On December 4, 2025, the Court granted Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for March 31, 2026. The settlement website is active and open for claims.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Wheeler common stock between August 16, 2021 and September 20, 2023, inclusive; and/or
- Held Wheeler common stock as of August 16, 2021.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $7,125,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim is March 24, 2026. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.WheelerReITSettlement.com, or contact the claims administrator, Verita Global, LLC, at 1-888-808-8302.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.