September 10th Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Farmland Partners Inc.
LOS ANGELES--(BUSINESS WIRE)--Aug 30, 2018--National securities litigation law firm Glancy Prongay & Murray LLP (“GPM”) reminds investors of the September 10, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Farmland Partners Inc. (“Farmland” or the “Company) (NYSE: FPI ) securities between March 16, 2016 and July 10, 2018, inclusive (the “Class Period”). Farmland investors have until September 10, 2018 to file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to participate.
Investors suffering losses on their Farmland investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to email@example.com.
On July 11, 2018, Rota Fortunae published a report alleging that Farmland artificially increased revenues by making loans to related-party tenants who round-tripped the cash back to Farmland as rent. The report also claimed that Farmland neglected to disclose that the majority of its loans were made to two members of its management team. On this news, Farmland’s share price fell nearly 40% on July 11, 2018, thereby injuring investors.
The complaint filed in this class action alleges that the Company made false and misleading statements to the market throughout the class period. Farmland inflated its revenue artificially by making loans to related parties. Based on this fact, the Company’s revenues were overstated throughout the class period. Farmland’s public statements were false and materially misleading.
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If you purchased shares of Farmland during the Class Period you may move the Court no later than September 10, 2018 to ask the Court to appoint you as lead. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005892/en/
CONTACT: Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 08/30/2018 06:58 PM/DISC: 08/30/2018 06:58 PM