#United States #New York #Class Action #Sui #Sun Communities

Levi & Korsinsky Reminds Sun Communities, Inc. Investors of Class Action Lawsuit

Levi & Korsinsky, LLP has issued an important notice for investors of Sun Communities, Inc. (NYSE: SUI), informing them about a class action lawsuit pertaining to alleged securities fraud. This action aims to recover losses sustained by shareholders of Sun Communities who were impacted by the events that unfolded between February 28, 2019, and September 24, 2024.

Class Action Overview

The lawsuit has been initiated on behalf of those investors adversely affected by the reported securities fraud linked to the activities and disclosures of Sun Communities. The allegations arose when information came to light questioning the reliability of the Company's governance, internal controls, and the accuracy of its financial reporting.

Following the release of a critical investment research report on September 24, 2024, the market reacted sharply. The findings raised serious doubts about the integrity of SUI's Board of Directors, causing a significant decline in share prices. On that day, shares closed at $139.10, before plunging to a low of $137.48 the following trading day.

Next Steps for Affected Investors

For those who suffered financial losses during the specified timeframe, it’s crucial to act swiftly as the deadline to apply for lead plaintiff status is February 10, 2025. Interested individuals can request that the court appoint them as a lead plaintiff to represent their interests. However, it is important to note that participation in the recovery process does not necessitate serving in this capacity.

No Financial Risk to Class Members

Levi & Korsinsky emphasizes that class members may be entitled to compensation at no upfront cost or fees, making it accessible for affected investors. There is no obligation to join the lawsuit, and members can seek recovery without worrying about out-of-pocket expenses.

Levi & Korsinsky’s Proven Track Record

The law firm boasts 20 years of experience in class action cases and has successfully recovered hundreds of millions for shareholders. Their expert team, comprising over 70 professionals, is adept at handling complex securities litigation, and their reputation speaks for itself, having been recognized as one of the top securities litigation firms in the United States for seven consecutive years by ISS Securities Class Action Services.

For more details or queries, investors are encouraged to reach out to Joseph E. Levi, Esq. via email at [email protected], or contact them by telephone at (212) 363-7500.

In closing, it’s imperative for affected shareholders of Sun Communities, Inc. to stay informed and consider their options regarding this pending class action lawsuit, particularly as the crucial deadline approaches in early 2025.