ABR FRAUD NOTICE: Arbor Realty Trust, Inc. Investors who have lost money are urged to contact BFA Law to learn more about securities fraud class action lawsuit

Investors have until September 30, 2024, to ask the court to be appointed to preside over the case. The complaint alleges claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ABR securities. The case is pending in the U.S. District Court for the Eastern District of New York and is titled Lois Martin v. Arbor Realty Trust, Inc., et al.No. 24-cv-05347.

What is the lawsuit about?

ABR is a nationwide real estate investment trust (“REIT”) and direct lender that originates loans and services commercial real estate assets. The complaint alleges that ABR misrepresented the health of the Company’s loan book during the material time period. In reality, ABR used false holding companies to conceal that the loan book was in distress and that the underlying collateral was overstated.

On March 14, 2023, NINGI Research published a report claiming, among other things, that “Arbor has been hiding a toxic mobile home real estate portfolio with a complex web of real and fake holdings for over a decade.” This news caused ABR’s stock price to drop $0.87 per share, or nearly 7%, to close at $12.12 per share on March 14, 2023.

Then, on December 5, 2023, Viceroy Research published an in-depth study of ABR’s Jacksonville, Florida properties. Viceroy found that the company’s entire loan book was in trouble and that the underlying collateral was vastly overstated. This news caused ABR’s stock price to fall by $0.19 per share, or more than 1%, to close at $13.67 per share on December 5, 2023.

Finally, on July 12, 2024, Bloomberg reported that ABR was “under investigation by federal prosecutors and the Federal Bureau of Investigation in New York.” According to the news release, “investigators are asking about the company’s lending practices and claims about the performance of its loan portfolio.” This news caused the price of ABR stock to drop by $2.64 per share, or nearly 17%, to close at $12.89 per share on July 12, 2024.

Click here if you have suffered a loss: https://www.bfalaw.com/cases-investigations/arbor-realty-trust-inc.

What can you do?

If you have invested in ABR, you have rights and are encouraged to submit your information so you can speak to an attorney.

All representation is on a no cure no pay basis, it costs you nothing. Shareholders are not responsible for any legal costs or litigation expenses. The company will seek court approval for any costs and expenses. You can submit your details via:

https://www.bfalaw.com/cases-investigations/arbor-realty-trust-inc

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading global law firm representing plaintiffs in securities class action lawsuits and shareholder lawsuits. It was named one of the Top 5 Plaintiffs’ Law Firms for 2023 by ISS SCAS and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and Thompson Reuters. Among its recent notable successes, BFA has recovered over $900 million in equity from the board of directors of Tesla, Inc. (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, visit https://www.bfalaw.com.

https://www.bfalaw.com/cases-investigations/arbor-realty-trust-inc

Advertisement of lawyer. Past results are no guarantee of future results.

To view the source version of this press release, visit https://www.newsfilecorp.com/release/221119

The Arbor Realty Trust shares at the time of the news release increased by +1.80 % to 12,13EUR on the Tradegate exchange (August 26, 2024, 7:30 PM).

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