1. Shareholders may join a class action from February 2019 to September 2024. 2. Defendants allegedly misled investors about SUI's accounting and governance. 3. After a concerning investment report, SUI's stock dropped significantly. 4. SUI's price fell from $139.10 to $137.48 in one day. 5. The class action deadline for lead plaintiff is February 10, 2025.
The allegations and stock price drop indicate investor distrust; reminiscent of past scandals leading to stock declines.
The article discusses potential legal troubles that can significantly affect SUI's stock performance.
Immediate effects from legal actions often impact stock prices quickly, as seen in prior class actions.
The Gross Law Firm issues the following notice to shareholders of Sun Communities, Inc. (NYSE: SUI).
Shareholders who purchased shares of SUI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
https://securitiesclasslaw.com/securities/sun-communities-inc-loss-submission-form/?id=123048&from=4
CLASS PERIOD: February 28, 2019 to September 24, 2024
ALLEGATIONS: According to the complaint, defendants provided investors with material information concerning SUI's accounting practices and internal control over financial reporting. On September 24, 2024, after market close, an investment research report emerged calling into question the integrity of SUI's Board and the integrity of the Company's governance, controls, and financial disclosures. Investors and analysts reacted immediately to SUI's revelation. The price of SUI's common stock declined dramatically. From a closing market price of $139.10 per share on September 24, 2024, SUI's stock price fell to a low of $137.48 per share on September 25, 2024.
DEADLINE: February 10, 2025. Shareholders should not delay in registering for this class action. Register your information here:
https://securitiesclasslaw.com/securities/sun-communities-inc-loss-submission-form/?id=123048&from=4
Once you register as a shareholder who purchased shares of SUI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 10, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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Phone: (646) 453-8903
SOURCE The Gross Law Firm