Lead Plaintiff Deadline is June 17, 2019

NEW YORK, April 29, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed against Whitestone REIT (“Whitestone” or the “Company”) (NYSE: WSR) in the United States District Court for the Southern District of Texas on behalf of those who purchased or acquired the securities of Whitestone between May 9, 2018 through February 7, 2019, inclusive (the “Class Period”).

Investors who purchased shares of Whitestone REIT are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website www.whafh.com.

If you have incurred losses in the shares of Whitestone REIT, you may, no later than June 17, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Whitestone REIT.

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The filed Complaint alleges Defendants made materially false and/or misleading statements and/or failed to disclose:

• the Company lacked effective internal control over financial reporting;
   
• the Company was incorrectly recognizing assets and liabilities associated with its contribution to Pillarstone Capital REIT Operating Partnership LP;
   
• the Company’s financial statements for the fiscal year 2018 were overstating revenues;
   
• the  Company’s financial statements for the fiscal year 2018 could no longer be relied upon; and
   
• as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.

On February 27, 2019, after the market closed, the Company revealed that its 2018 financial results for the periods ending March 31, June 30, and September 30 could no longer be relied upon and would be restated, based on a review by auditing committee of Whitestone’s board of trustees.

On this news, shares of Whitestone fell $1.24 per share, or over 8%, to close at $13.01 on February 28, 2019.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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