Blackstone Mortgage Trust, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On December 6, 2023, Muddy Waters, known for its short-selling and market research, released a report titled “Here Comes the Cliff!” targeting Blackstone. The report claimed that Blackstone’s loan book had seriously deteriorated, a situation obscured by the use of interest rate swaps and manipulated risk ratings or loss provisions. The report highlighted several critical concerns expected to surface in the upcoming year:
- Blackstone would significantly reduce its dividend.
- A substantial number of Blackstone’s borrowers would likely be unable to refinance or repay their loans.
- Blackstone could face a liquidity crisis.
- The losses on Blackstone’s net book value could range between $2.5 billion and $4.5 billion, potentially erasing its market capitalization.
Following the release of this report, Blackstone’s stock experienced a significant drop, decreasing by $1.81 per share, or 8.05%, and closing at $20.68 per share on the same day.
