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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Suffering Losses Over $50,000 in Solar Villages (NYSE: ) to Contact Him Directly to Discuss Their Options.
If you have a loss of more than $50,000 in Cities of the Sun between 28 February 2019 and 24 September 2024 and you would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson live to 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York–(Newsfile Corp. – January 4, 2025) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sun Communities , Inc. (“Sun Communities” or the “Company”) (NYSE: SUI) and reminds investors of January 10, 2025 deadline seeking the role of lead plaintiff in a federal class action against the Company.
Faruqi & Faruqi is a leading national security law firm with offices in New York, Pennsylvania, California and Georgia. The firm has raised hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As described below, the complaint alleges that the Company and its directors violated federal securities laws by making false and/or misleading statements and/or failing to disclose material facts about the whereabouts of the funds. from there, namely, undisclosed loans and a $4 million mortgage. . Importantly, Defendants hid important information about the Board members’ business, loans taken out on behalf of SUI by CEO Shiffman, and a mortgage signed by CEO Shiffman on behalf of an entity called DH Bingham Farms LLC. Such statements in the absence of these important facts caused the Plaintiff and other shareholders to purchase SUI’s securities at artificial prices.
On September 25, 2024, Blue Orca Capital published a report saying, among other things, that the CEO of Sun Communities “received an undisclosed loan of $4 million from the family of a director who was said to be independent and sitting On the Research Committee and chaired the Compensation Committee for nearly ten years.”
In this news, Sun Communities’ stock price fell by $1.62, or 1.2%, to close at $137.48 per share on September 25, 2024, thus hurting investors.
The lead plaintiff appointed by the court is the investor with the greatest financial interest in the relief sought by a reasonable and common class of class members conducting and overseeing the case on behalf of the putative class. Any member of the arbitration panel may have the Court act as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent panel member. Your ability to participate in any recovery is not affected by the decision to serve as the lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information about the conduct of the Day Organizations to contact the firm, including whistleblowers, former employees, shareholders and others.
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Advertising Attorney. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Preliminary results do not guarantee or predict the same result on any future issue. We welcome the opportunity to discuss your matter. All communications will be held confidentially.
To view the source version of this release, please visit https://www.newsfilecorp.com/release/236030
