NEW YORK, NY / ACCESSWIRE / December 27, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Blackstone Mortgage Trust, Inc. ("Blackstone" or "the Company") (NYSE:BXMT). Investors who purchased Blackstone securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/bxmt.
The investigation concerns whether Blackstone has violated federal securities laws.
Investigation Details:
On December 6, 2023, Muddy Waters released a report entitled, "Here Comes the Cliff!" shorting Blackstone. In this report, Muddy Waters stated, "[i]nterest rate swaps and manipulated risk ratings/loss provisions have obscured serious deterioration in BXMT's loan book." In addition, the report listed several problems that would be evident in the new year: (1) Blackstone will significantly cut its dividend; (2) a significant number of borrowers will unlikely be able to refinance and repay Blackstone; (3) Blackstone is at risk of a liquidity crisis; and (4) Blackstone's losses on its net book value could potentially reach anywhere between $2.5 billion to $4.5 billion, resulting in its market cap being wiped out. Following this news, Blackstone stock dropped $1.81 per share, or 8.05%, to close at $20.68 on December 6, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchased Blackstone securities, you can assist this investigation by visiting the firm's site: bgandg.com/bxmt. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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