HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS Encourages BMXT Investors Who Suffered Substantial Losses to Contact Firm’s Attorneys
SAN FRANCISCO, Dec. 06, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Blackstone Mortgage Trust, Inc. (NYSE: BXMT) investors who suffered substantial losses to submit your losses now.
Contact An Attorney Now: [email protected]
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) Investigation:
“We are investigating the propriety of Blackstone’s disclosures concerning its loan portfolio,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
Blackstone’s past statements came into question on Dec. 6, 2023, when Carson Block, Founder of famed activist short seller Muddy Waters Capital, released a new episode of the Chopping Block on Zer0es.TV entitled, “Blackstone’s Wile E. Moment.”
Block stated that BXMT could be at risk of a liquidity crisis. Block explained that Muddy Waters believes that 70%-75% of BXMT’s borrowers may be unable to cover interest expenses. With billions of dollars of interest rate hedges set to terminate next year, according to Block, the recent decline in commercial real estate values will only exacerbate the issues for troubled borrowers whose loans will mature over the next twelve months.
Block concludes that this risky portfolio will likely adversely impact BXMT’s probability and lead to a significant reduction to its dividend as soon as the second half of 2024.
These events have caused the price of BXMT shares to decline sharply.
If you invested in Blackstone and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »
If you’d like more information and answers to frequently asked questions about the Blackstone investigation, read more »
Whistleblowers: Persons with non-public information regarding Blackstone should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Past results do not guarantee future outcomes.
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Reed Kathrein, 844-916-0895
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