Business Context and Reporting Period
This Form 8-K is filed by Apple REIT Nine, Inc. (a subsidiary of Apple Hospitality REIT, Inc.) for the reporting period ending December 19, 2011. The filing addresses a specific legal event under Item 8.01 (Other Events).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to legal proceedings and contains no financial data.
Material Changes
The primary material change reported is the resolution of a pending legal matter. A putative class action lawsuit filed on November 16, 2011, captioned Barbara Blazer v. Apple REIT Nine, Inc., et al., was voluntarily dismissed by the plaintiff on December 19, 2011.
Guidance, Outlook, and Risks
- Legal Proceedings: The lawsuit was originally filed in the Supreme Court of the State of New York against the Company, Glade M. Knight, David Lerner Associates, Inc., and David Lerner.
- Case Status: The case was transferred to the United States District Court for the Southern District of New York on November 28, 2011.
- Outcome: The plaintiff dismissed the complaint and all claims without prejudice on December 19, 2011.
- Outlook: No forward-looking guidance or management commentary regarding future operations is provided in this filing.
Key Facts for Investor Verification
- The class action lawsuit filed in November 2011 has been dismissed without prejudice.
- The dismissal was voluntary and filed by the plaintiff on December 19, 2011.
- The filing does not contain financial results or operational updates for the period.