FARMLAND PARTNERS 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors with Losses in Excess Of $100,000 of Deadline in Class Action Lawsuit Against Farmland Partners Inc. – FPI, FPI-PB
Sep. 10, 2018
NEW ORLEANS--(BUSINESS WIRE)--Sep 9, 2018--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until September 10, 2018 to file lead plaintiff applications in a securities class action lawsuit against Farmland Partners Inc. (NYSE: FPI, FPI-PB). Investor losses must relate to purchases of the Company’s securities or preferred securities between the expanded period of March 16, 2016 and July 10, 2018. This action is pending in the United States District Court for the District of Colorado.
Farmland investors should visit us at https://www.claimsfiler.com/cases/view-farmland-partners-inc-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
On July 11, 2018, Seeking Alpha reported that Farmland increased its revenues artificially “by making loans to related-party tenants who round-trip the cash back to [Farmland] as rent” and “310% of 2017 earnings could be made-up.” Further, it had “neglected to disclose that the majority of its loans have been made to two members of the management team.” On this news, the price of Farmland’s shares plummeted.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180909005020/en/
Jerry Gallo, 844-367-9658
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
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PUB: 09/09/2018 10:50 PM/DISC: 09/09/2018 10:50 PM