NEW ORLEANS, Aug. 21, 2018 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until September 10, 2018
to file lead plaintiff applications in a securities class action
lawsuit against Farmland Partners Inc. (NYSE: FPI, FPI-PB), if they
purchased the Company's securities or preferred securities between
the expanded period of March 16, 2016
and July 10, 2018, inclusive (the
"Class Period"). This action is pending in the United States District Court for the
District of Colorado.
Get Help
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
Farmland and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On July 11, 2018, a report by
Seeking Alpha revealed allegations that the Company had increased
its revenues artificially "by making loans to related-party tenants
who round-trip the cash back to [Farmland] as rent" and that "310%
of 2017 earnings could be made-up." Further, the Company had
allegedly "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.
About ClaimsFiler
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.
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