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Los Angeles, CA, Oct. 06, 2025 (GLOBE NEWSWIRE) — U.S. District Judge Paul Engelmayer ruled that claims related to LuxUrban’s Q1 2024 financial statements failed to meet the standard for pleading fraud. As a result, the core financial fraud allegations were dismissed. The remaining claims are limited to whether certain hotel properties were accurately described as being under lease — a dispute that, while allowed to proceed, does not involve allegations of financial errors. Stanford…
