A federal securities class-action against LuxUrban Hotels Inc. (OTC: LUXHQ) and former executives Brian Ferdinand and Shanoop Kothari has been resolved by a $3 million settlement. Because LuxUrban filed for bankruptcy, the payout will be covered by the executives’ directors-and-officers (D&O) liability insurance policies. Class members are those who bought LuxUrban common stock or the 13% Series A Cumulative Redeemable Preferred Stock from May 9, 2023, through August 20, 2024. Claim forms must be postmarked or submitted online by 11:59 P.M. ET on August 10, 2026.