Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Whitestone REIT

BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24WSR&src=ctag” target=”_blank”gt;$WSRlt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–Law Offices of Howard G. Smith reminds investors of the upcoming June
17, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased Whitestone REIT
(“Whitestone” or the “Company”) (NYSE: WSR)
securities between May 9, 2018 and February 27, 2019, inclusive
(the “Class Period”).

Investors suffering losses on their Whitestone investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

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, thereby injuring investors.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and misleading statements
regarding the Company’s business, operational and compliance policies.
Specifically, Defendants made false and/or misleading statements and/or
failed to disclose that: (1) the Company lacked effective internal
control over financial reporting; (2) Whitestone was incorrectly
recognizing assets and liabilities associated with its contribution to
Pillarstone Capital REIT Operating Partnership LP; (3) the Company’s
financial statements for the fiscal year 2018 were overstating revenues;
(4) the Company’s financial statements for the fiscal year 2018 could no
longer be relied upon; and (5) as a result of the foregoing, the
Company’s financial statements were materially false and misleading at
all relevant times.

If you purchased shares of Whitestone during the Class Period you may
move the Court no later than June 17, 2019 to ask the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the class action you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the class action. If you wish
to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com