Ademi LLP is investigating NexPoint Diversified Real Estate Trust (NYSE: NXDT) for possible breaches of fiduciary duty and other violations of law in its transaction with NexPoint Hospitality Trust.
In the transaction, NexPoint Diversified Real Estate Trust will be paying a premium of approximately 2300% for the units of NexPoint Hospitality Trust. NexPoint Diversified Real Estate Trust and its related entities, including entities controlled by James Dondero, own or exercise control or direction over approximately 82.86% of the outstanding Units of NexPoint Hospitality Trust.
We are investigating the conduct of NexPoint Diversified Real Estate Trust’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.