#USA #New York #Class Action #Sun Communities #Security Fraud

Levi & Korsinsky's Class Action Alert

Levi & Korsinsky, LLP has issued an important notification to investors of Sun Communities, Inc. (NYSE: SUI) regarding a pending securities class action lawsuit. This class action is significant as it seeks to recover losses for investors adversely affected due to alleged securities fraud that transpired between February 28, 2019, and September 24, 2024.

Understanding the Class Action Details

The lawsuit was initiated as a response to disturbing revelations concerning the integrity of Sun Communities’ internal control mechanisms and accounting practices. On September 24, 2024, a critical investment research report surfaced, questioning the integrity of the company's governance and financial disclosures. This prompted an immediate, dramatic reaction from the market, which resulted in a notable decline in the company's stock price—from a closing price of $139.10 on the 24th to a low of $137.48 the following day.

This downturn and subsequent concerns give rise to the class action, where investors who suffered losses during this period are encouraged to participate. It’s crucial to note that although serving as a lead plaintiff is an option, it is not a requirement for any investor wishing to seek compensation.

Deadline for Participation

Interested investors have until February 10, 2025, to submit requests for court appointment as lead plaintiff, which forms part of the participation criteria in this class action. However, affected investors can still seek compensation without taking on this role.

No Out-of-Pocket Costs

Investors should take note that they can engage in this class action without incurring any costs upfront, as claims can be settled without the need for immediate payments. Therefore, if you were adversely affected by the actions of Sun Communities during the relevant time frame, this is an opportunity to seek redress without financial obligations.

Why Choose Levi & Korsinsky?

Levi & Korsinsky’s commendable track record across over 20 years in the field distinguishes it within the securities litigation landscape. The firm has successfully recovered hundreds of millions of dollars for aggrieved shareholders, building a reputable presence as one of the top securities litigation firms in the United States. Their expertise is instrumental in navigating investors through complex legal terrains to ensure they receive rightful compensation. For seven consecutive years, they have been ranked in ISS Securities Class Action Services' Top 50 Report, underscoring their capabilities in such significant cases.

Contact Information

For more detailed personal assistance or to formally partake in this class action, investors may reach Joseph E. Levi, Esq. at Levi & Korsinsky via email at contact@zlk.com or by phone at (212) 363-7500.

For those wishing to explore more about the class action or to submit a request, visit the provided link: https://zlk.com/pslra-1/sun-communities-inc-lawsuit-submission-form

This class action lawsuit serves as a critical reminder for investors to remain vigilant regarding their rights and the potential recourse available in the realm of securities fraud.