Investor Alert: Hospitality Investors Trust REIT
Hospitality Investors Trust (HIT) REIT and its operating partnership have filed for bankruptcy and investors are suing to recover their losses.
NYC, NY, USA, June 16, 2021 /EINPresswire.com/ – Last week, Hospitality Investors Trust and its operating partnership filed claims for relief under Chapter 11 of the United States Bankruptcy Code. Unfortunately, many investors now expect large losses on their investments.
This did not surprise lawyers at the National Investors Law Firm, Haselkorn & Thibaut, Pennsylvania, as they actively investigate and prosecute FINRA arbitration claims against brokers and financial advisers who sold Hospitality Investors Trust (HIT), formerly known as American Realty Capital Hospitality Trust (ARC) for their clients for almost a year now.
Haselkorn & Thibaut has over 50 years of experience and a 95% success rate. For a free consultation and case assessment or to discuss any other investment loss, please contact Haselkorn & Thibaut, PA, at 1-800-856-3352, or visit us on the web at InvestmentFraudeLawyers.com.
Fortunately, some of the HIT investors may be able to recoup their investment losses through the FINRA arbitrage process. According to attorney Matthew Thibaut, “… the FINRA arbitration process is generally faster and more efficient than traditional state or federal court lawsuits, or even class actions.” Attorney Thibaut also noted that most of FINRA’s claims involve only a discovery on paper and no testimony of deposition.
In accordance with applicable laws, rules and regulations, brokerage firms are responsible for exercising due diligence on investments recommended to clients, and financial advisers are required to make appropriate recommendations. Often these types of claims involve issues related to the level of due diligence that has been performed by the firm and the financial advisor, whether material risks have been properly disclosed to the investor, and whether the financial advisor, the account,, and the transaction have all been properly supervised. Where negligence or irregularity can be established, investors may have a potential claim to recoup their investment losses.
The sole purpose of this release is to investigate how brokerage firms and financial advisers registered with FINRA HIT and non-traded investment products and similar investment strategies involving such products and products of Similar alternative investments have been approved for sale by Brokers to Investor Clients, represented to individual investors, as well as the business practices and supervision associated with such transactions or investment strategies. If you have knowledge or experience in this area, please contact Haselkorn & Thibaut at 1-800-856-3352, or visit the law firm website.
About Haselkorn & Thibaut, Pennsylvania
Haselkorn & Thibaut, PA is a law firm with extensive experience handling large and complex investment fraud matters, including FINRA arbitrations nationwide. The law firm has offices in Palm Beach, Florida, on Park Avenue in New York City, as well as other offices in Phoenix, Arizona, Houston, Texas, and Cary, North Carolina. Lawyers have over 50 years of legal experience.
They represent both individual and institutional investors seeking to assert their claims aggressively and maximize their recovery from investment losses related to investment negligence or fraud. As former securities defense lawyers, several attorneys from Haselkorn & Thibaut, PA have extensive experience in law firms and have moved from the defense side to YOUR side and are available to help you today. Call for your free consultation today at 1-800-856-3352 or visit our website.
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