#USA #New York #Securities Fraud #Rosen Law Firm #Sun Communities

Investors Encouraged to Participate in Class Action Against Sun Communities, Inc.

In a significant development for investors, the Rosen Law Firm has announced the filing of a class action lawsuit targeting Sun Communities, Inc. (NYSE: SUI). This lawsuit is aimed at purchasers of SUI securities from February 28, 2019, to September 24, 2024. Investors who have incurred losses exceeding $100,000 during this period are especially encouraged to take action, as they may qualify to lead the case.

Opportunity for Investors

If you purchased SUI securities within the specified class period and faced substantial financial losses, you have a chance to join this class action at no upfront cost. The arrangement is on a contingency fee basis, meaning that you're not obligated to pay out-of-pocket fees unless the case is successful. For those looking to play an active role, the deadline to apply to be a lead plaintiff is February 10, 2025. Being a lead plaintiff involves guiding the lawsuit and representing the interests of other affected investors.

Joining the Class Action

Interested investors are advised to visit Rosen Law Firm's website or contact them directly for further details on how to participate. Those who wish to take an active position can call Phillip Kim, Esq. at toll-free 866-767-3653 or email [email protected]. Joining the lawsuit is critical as it can pave the way for financial restitution amidst the alleged securities fraud by Sun Communities, Inc.

Background of the Case

According to legal documents, defendants allegedly provided misleading financial reports that inaccurately depicted SUI’s revenue outlook and growth potential. They reportedly failed to disclose essential information, such as the DH Bingham Farms LLC mortgage, which was signed by CEO Gary Shiffman, alongside undisclosed loans from other company executives, including loans from board member Arthur Weiss. The lawsuit claims that these omissions contributed to inflated confidence levels and growth projections, ultimately misleading investors substantially.

This class action comes as a critical step towards accountability for any misrepresentation made by Sun Communities’ leadership, which allegedly resulted in significant financial harm to investors. Investors should understand that until the class is certified, they are not automatically represented. Therefore, selecting competent legal counsel is essential.

Why Choose Rosen Law Firm?

The Rosen Law Firm has a proven track record, having secured substantial settlements in other securities class actions. The firm has consistently ranked among the top firms in this domain, with recognized attorneys who possess the experience to navigate complex securities litigation. In 2019, the firm managed to recover over $438 million for investors, illustrating their commitment to protecting investor rights.

Before making any decisions, it's critical for investors to weigh their options and consider the potential for recovery through this lawsuit. Updates on the case will be accessible on connected platforms, including LinkedIn and Twitter, as the situation develops.

Don’t miss out on your chance to get involved in this significant legal action. Make sure to act before the deadline and seek professional advice if necessary. Recovering your losses may just be a class action away.