NEW YORK, Jun 17, 2021--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Washington Prime Group Inc. (NYSE: WPG) between November 5, 2020 and March 4, 2021, inclusive (the "Class Period"), of the important July 23, 2021 lead plaintiff deadline.
The coronavirus pandemic has done a number on malls, and several major operators have filed for bankruptcy in its wake. Washington Prime Group (NYSE: WPG), an Ohio-based mall operator with more than 100 locations across the U.S., has filed for Chapter 11 bankruptcy, citing challenges related to the pandemic.
(Bloomberg) -- Washington Prime Group Inc., a real estate investment trust that operates enclosed malls and strip centers across the U.S., filed for bankruptcy after the Covid-19 pandemic drove away shoppers.The Chapter 11 filing in Houston lets Washington Prime stay in business while it restructures its debts in a deal that it reached with certain creditors, according to the bankruptcy. The company, with assets estimated at $4 billion and debt of almost $3.5 billion, secured a bankruptcy loan o