Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Have Suffered Losses Greater Than $50,000 in Solar Public (NYSE: ) to Contact Him Directly to Discuss Their Options.
If you have a loss of more than $50,000 The Sun Community between 28 February 2019 and 24 September 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson live at the 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York– (Newsfile Corp. – December 29, 2024) – Faruqi & Faruqi, LLP, a leading securities law firm, is investigating potential claims against Sun Communities, Inc. (“Sun Communities” or the “Company”) ( NYSE: SUI) and reminds investors of February 10, 2025 deadline seeking the role of lead plaintiff in a securities class action filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has received hundreds of millions of dollars from investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or by failing to disclose incorrect facts about the source of funds, namely, undisclosed loans and $4 million to catch them. . Importantly, Defendants hid key information about insider trading by Board members, loans taken out on behalf of SUI by CEO Shiffman, and loans signed by CEO Shiffman on behalf of an entity called DH Bingham Farms LLC. Such statements absent these material facts caused the Plaintiff and other shareholders to purchase SUI's securities at unreasonably inflated prices.
On September 25, 2024, Blue Orca Capital published a report alleging, among other things, that the CEO of Sun Communities “received an undisclosed loan of $4 million from a supposedly independent family that sat on the Audit Committee and chaired the Compensation Committee.” about a decade.”
On this news, the stock price of Sun Communities fell by $1.62, or 1.2%, to close at $137.48 per share on September 25, 2024, thus hurting investors.
A court-appointed lead plaintiff is an investor with a substantial financial interest in the relief sought by a sufficient and common class of class members who administers and oversees the lawsuit on behalf of the putative class. Any privileged class member may move the Court to act as lead plaintiff through counsel of his or her own choosing, or may choose to remain inactive and remain a non-class member. Your ability to share in any recovery is not affected by the decision to act as the lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information about Sun Communities' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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To view the source of this document, please visit https://www.newsfilecorp.com/release/234825