Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

ABR SHAREHOLDER ACTION ALERT: Kaplan Fox Reminds Investors of a Class Action Lawsuit against Arbor Realty Trust Inc. (ABR) and Lead Plaintiff Deadline on September 30, 2024

NEW YORK, NY - (NewMediaWire) - August 08, 2024 - Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of investors that purchased Arbor Realty Trust Inc. (“Arbor Realty” or the “Company”) (NYSE: ABR) common stock between May 7, 2021 and July 11, 2024 (the “Class Period”).

CLICK HERE TO JOIN THE CASE

If you are an investor in Arbor Realty and have suffered losses, you may click here to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

DEADLINE REMINDER:  If you are a member of the proposed Class, you may move the court no later than September 30, 2024 to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process.

Arbor Realty is a real estate investment trust or “REIT”.  The Company invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estates.

According to the complaint, on March 14, 2023, a report was published by NINGI Research alleging that the Company had been “hiding a toxic real estate portfolio of mobile homes with a complex web of real and fake holdings companies for more than a decade.”

The complaint also alleges that on December 5, 2023, Viceroy Research  published a report claiming that Arbor Realty’s CLOs suggest its “entire loan book is distressed and underlying collateral is vastly overstated.”

Finally, on July 12, 2024, Bloomberg reported in an article titled “Arbor Realty Probed by DOJ Over Lending Practices, Loan Book” that “Federal prosecutors and the Federal Bureau of Investigation in New York are looking into Arbor Realty Trust Inc. on the heels of short seller attacks about the lender’s practices and disclosures, according to people familiar with the matter.”  According to Bloomberg’s report, “[t]he investigators are inquiring about lending practices and the company’s claims about the performance of their loan book. . . .”

On this news, the price of Arbor Realty shares fell $2.64 per share, or 17%, from a close price of $15.53 per share on July 11, 2024 to close at $12.89 per share on July 12, 2024.

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you have any questions about this Notice, your rights, or your interests, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.