Contact Form

Name

Email *

Message *

Cari Blog Ini

Author Details

Levi Korsinsky Llp Notifies Arbor Realty Trust Inc Abr Investors Of Class Action Lawsuit

Levi Korsinsky LLP Notifies Arbor Realty Trust Inc. (ABR) Investors of Class Action Lawsuit

PR Newswire -- November 13, 2024 -- Levi Korsinsky LLP informs investors in Arbor Realty Trust Inc. (NYSE: ABR) about a class action lawsuit filed on behalf of investors.

The lawsuit seeks to recover losses on behalf of Arbor Realty Trust Inc. investors who were adversely affected by alleged misstatements and omissions in the Company's public disclosures.

According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that:

  • 1) the Company's sales and revenue had been declining;
  • 2) the Company had been experiencing increasing competition;
  • 3) the Company had been experiencing declining margins;
  • 4) the Company had been experiencing increasing costs;
  • 5) the Company's cash flow had been negative;
  • 6) the Company was not taking sufficient steps to address these issues; and
  • 7) as a result, the Company's share price was artificially inflated.

If you suffered a loss on your investment in Arbor Realty Trust Inc., you have until January 13, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require you to serve as lead plaintiff.

To discuss your rights, contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.


Comments