The Schall Law Firm Investigates Potential Securities Fraud at Sun Communities Over Sui
Sun Communities, Inc. (NYSE: SUI), a leading real estate investment trust (REIT) specializing in manufactured housing communities, is facing a potential class action lawsuit for alleged violations of securities laws. The Schall Law Firm, a national shareholder rights litigation firm, is investigating the matter and encourages investors who purchased SUI stock between February 28, 2019, and September 24, 2024, to review their rights.
Allegations of Misleading Statements
The lawsuit alleges that Sun Communities made false and misleading statements to investors throughout the specified class period. According to the complaint, the company claimed to be presenting accurate financial reports and projecting anticipated growth. However, the lawsuit alleges that Sun Communities failed to disclose critical information, including:
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- DH Bingham Farms LLC Mortgage: The company allegedly failed to disclose a mortgage signed by CEO Gary Shiffman involving DH Bingham Farms LLC.
- Undisclosed Loans: The lawsuit further alleges that the company did not disclose multiple loans received by CEO Shiffman, including one from a member of the SUI board.
Investor Impact
The complaint argues that Sun Communities’ public statements were materially misleading during the class period. When the truth about the alleged financial discrepancies became known, investors are believed to have suffered significant financial losses.
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What Investors Can Do
The Schall Law Firm is encouraging investors who purchased Sun Communities stock between February 28, 2019, and September 24, 2024, to contact them to discuss their legal options. Here’s how to get involved:
- Click Here to Participate: A link is provided in the original text, but it’s important to understand that clicking does not automatically enroll you in the lawsuit.
- Contact the Schall Law Firm: Investors can reach Brian Schall directly at 310-301-3335 or by email at [email address removed].
- Visit the Schall Law Firm Website: The firm’s website, www.schallfirm.com, may offer additional information about the lawsuit and the process.
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Important Note
It’s crucial to understand that the class action lawsuit is still in its early stages. The court has not yet certified it, and you are not currently represented by an attorney unless you take action. If you choose not to participate, you can remain an uninvolved party in the case.
Considering Your Options
If you are a Sun Communities investor who purchased stock during the class period and believe you may have suffered losses, it is highly recommended that you consult with an experienced securities attorney to understand your rights and legal options. The Schall Law Firm is one option, but you may also want to consider seeking independent legal counsel.
