NEW
YORK, Aug. 5, 2024 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Arbor Realty
Trust, Inc. (NYSE: ABR).
Shareholders who purchased shares of ABR 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.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/arbor-loss-submission-form/?id=93545&from=4
CLASS PERIOD: May 7, 2021
to July 11, 2024
ALLEGATIONS: According to the complaint, during the class
period, defendants provided investors with false and/or materially
misleading information concerning ABR's operational and financial
health, including its balance sheet loan book and net interest
income. Over the course of several months, shareholders learned the
truth when first, on March 14, 2023,
and then again, on December 5, 2023,
investment firms published research reports concerning ABR's real
estate portfolio and accusing the Company of hiding toxic assets.
On July 12, 2024, Bloomberg reported
that federal prosecutors and the Federal Bureau of Investigation
were probing ABR over its lending practices and the value of its
loan book. In connection with these disclosures, the price of ABR's
stock has declined substantially causing damages to investors,
including most recently the decline from $15.53 per share to $12.89 per share following the Bloomberg
report.
DEADLINE: September 30,
2024 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/arbor-loss-submission-form/?id=93545&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of ABR 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 September 30, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? 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.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm