#United States #New York #Class Action #Rolnick Kramer #Wheeler REIT

Rolnick Kramer Sadighi LLP Announces Proposed Settlement in Wheeler REIT Litigation

New York, December 31, 2025. Rolnick Kramer Sadighi LLP has put forward an important update regarding a class action settlement involving Wheeler Real Estate Investment Trust, Inc. Shareholders who held common stock in Wheeler as of August 16, 2021, or purchased additional shares between August 16, 2021, and September 20, 2023, may be affected by this settlement. The proposed settlement, which amounts to $7,125,000, is currently pending approval by the United States District Court for the Eastern District of Virginia.

Overview of the Class Action

The class action suit, known as Khoshaba v. Stilwell, et al., was filed to address various grievances related to the management of Wheeler REIT. Those eligible for the settlement include individuals or entities that held shares of Wheeler common stock on the specified date or made purchases within the designated timeframe. This case highlights vital concerns in corporate governance and shareholder rights, reflecting ongoing tensions in the real estate investment sector.

Details of the Proposed Settlement Hearing

A pivotal hearing is scheduled for March 31, 2026, at 10:30 a.m. Before Judge Mark S. Davis, potential outcomes of the hearing include:

1. Approval of the proposed settlement as fair and reasonable.
2. Dismissal of the class action with prejudice, preventing future claims relating to this matter.
3. Consideration of attorney fees and expenses to be awarded to the Plaintiff’s Counsel from the settlement fund, which may not exceed 28% of the total settlement amount.
4. Evaluation of the proposed Plan of Allocation, determining how the settlement fund will be distributed among class members.

Participants are encouraged to stay informed about any changes regarding the hearing through the court's docket or the settlement website: www.WheelerREITSettlement.com.

What Class Members Need to Do

Individuals who qualify for participation in this settlement must complete and submit a Proof of Claim and Release form. This must be postmarked by March 24, 2026. Failure to meet this deadline may result in the rejection of the claim, thus disqualifying those individuals from receiving any distribution related to the settlement.

For those who have not received the detailed notice that includes comprehensive descriptions of the settlement and procedural steps for Claim submission, copies can be obtained on the settlement website or by writing directly to:

Wheeler REIT Settlement c/o Verita Global, LLC
P.O. Box 301170
Los Angeles, CA 90030-1170

Inquiries unrelated to obtaining the notice may be directed to the attorneys representing the plaintiffs.

Right to Exclude and Object

Class members hold the right to opt-out of the class by submitting a written request for exclusion, postmarked no later than March 10, 2026. Additionally, any objections to the settlement proposal, the allocation plan, or the requested attorney fees must also be filed with the court and served to both lead and defendants' counsel by the same date.

Information on submitting these objections will be laid out in the official notice.

Conclusion

This proposed settlement could potentially provide much-needed restitution for affected shareholders of Wheeler REIT, reflecting a broader commitment to corporate accountability and protection of investor interests. As more developments arise, stakeholders are urged to engage with the process and make their voices heard. The forthcoming hearing on March 31, 2026, will serve as a critical juncture in determining the outcome of this litigation.