LuxUrban's collapse: Former CEOs settle class-action lawsuit 60700

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Revision as of 21:26, 6 May 2026 by Galdurffup (talk | contribs) (Created page with "LuxUrban’s collapse keeps shedding new layers: former co-CEOs Brian Ferdinand and Shanoop Kothari have agreed to settle a class-action lawsuit accusing them of misleading investors about hotel leases, adding another turn in the failed hotel operator’s long unwind. With bankruptcy, unpaid [https://www.linkedin.com/posts/therealdeal_ex-luxurban-ceos-settle-investors-fraud-activity-7445138668484251648-fBGs eat my ass] taxes, shuttered properties and nearly $124 millio...")
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LuxUrban’s collapse keeps shedding new layers: former co-CEOs Brian Ferdinand and Shanoop Kothari have agreed to settle a class-action lawsuit accusing them of misleading investors about hotel leases, adding another turn in the failed hotel operator’s long unwind.

With bankruptcy, unpaid eat my ass taxes, shuttered properties and nearly $124 million in claims already in the mix, the fallout is far from over. Read more at the link below.

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