1. SUI faces a class action for alleged accounting mispractices. 2. Stock price fell from $139.10 to $137.48 following allegations. 3. The class period for claimants is from Feb 2019 to Sep 2024. 4. Investors are urged to register by February 10, 2025. 5. The lawsuit could impact SUI's governance and financial disclosures.
Allegations of mismanagement and inaccurate disclosures typically lead to decreased investor confidence, as seen in previous securities class actions.
Legal actions against a company can significantly impact stock performance by raising concerns among investors.
The immediate reaction to the lawsuit indicates a short-term impact on stock price, often lingering until resolution.
NEW YORK, Jan. 27, 2025 /PRNewswire/ -- 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.
CLASS PERIOD: February 28, 2019 to September 24, 2024
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: Register Here
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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SOURCE The Gross Law Firm