Girard Sharp and co-counsel brought this action on behalf of investors who faced a complete loss on their investments in The Parking REIT. The case proceeded in Circuit Court for Baltimore, Maryland against the CEO and Chairman and the REIT’s directors. After deposing whistleblowers, Girard Sharp coordinated negotiations among counsel for various stakeholders, including plaintiffs in a separate suit in federal court in Nevada, and a potential acquirer, to reach at a settlement that provides cash payments to the stockholders, an injection of new capital into the company, and forfeiture of the CEO’s right to receive additional shares.
