1. Sun Communities faces a class action lawsuit for alleged securities violations. 2. Claims involve undisclosed financials impacting CEO's credibility and company transparency. 3. Investors who bought securities between Feb 2019 and Sep 2024 may be affected.
Class action lawsuits can significantly erode investor confidence, impacting stock prices. Past examples show similar lawsuits lead to substantial price drops.
The lawsuit directly implicates SUI in serious allegations affecting stakeholder trust and investment outlook. This could lead to significant capital flight among investors.
Immediate concerns about legal liability could affect investor sentiment rapidly. Historical cases show short-term volatility often follows lawsuit announcements.
/PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Sun Communities, Inc. ("Sun" or "the Company") (NYSE: SUI) for violations of the federal securities laws.
Shareholders who purchased the Company's securities between February 28, 2019 and September 24, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before February 10, 2025.
The Company allegedly made false and misleading statements to the market when Sun claimed it was presenting complete and accurate financial reports throughout the class period including anticipated growth. Despite its claims, the Company failed to reveal the DH Bingham Farms LLC mortgage, signed by Chief Executive Officer ("CEO") Gary Shiffman, or multiple undisclosed loans CEO Shiffman received, including one from a member of the Sun board.
If you are a shareholder who suffered a loss, contact us to participate.
DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
SOURCE DJS Law Group LLP