NEW YORK, NY / ACCESSWIRE / December 12, 2023 / Levi & Korsinsky notifies investors that it has commenced an investigation of Blackstone Mortgage Trust, Inc. ("Blackstone") (NYSE:BXMT) concerning possible violations of federal securities laws.
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. On this news, Blackstone's stock price fell $1.81 per share, or 8.05%, to close at $20.68 per share on December 6, 2023. To obtain additional information, go to:
https://zlk.com/pslra-1/blackstone-lawsuit-submission-form?prid=59652&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP