Investors Urged to Join Class Action Against Sun Communities, Inc. for Securities Fraud

Investors Encouraged to Take Action in Sun Communities Securities Fraud Case

The Rosen Law Firm, a renowned global advocate for investor rights, is reaching out to individuals who have purchased securities from Sun Communities, Inc. (NYSE: SUI) during the period from February 28, 2019, to September 24, 2024. As the deadline for potential lead plaintiffs approaches, the firm is urging affected investors to consider joining the class action lawsuit to seek justice and compensation for their losses.

Important Dates and Class Period

The significant lead plaintiff deadline is set for February 10, 2025, giving investors a limited timeframe to act. Those who acquired shares of Sun Communities during the specified class period are encouraged to submit their information through the provided legal portal to determine their eligibility for participation.

Legal Representation without Upfront Costs

One of the most attractive aspects of this class action lawsuit is that participants can join without bearing any out-of-pocket expenses. The Rosen Law Firm operates on a contingency fee basis, meaning that plaintiffs will incur no costs unless the case is successfully resolved in their favor. This arrangement is designed to make it easier for investors to pursue legal action without financial risk.

Joining the Class Action

Investors wishing to join the action can do so by visiting the Rosen Law Firm's website or by directly contacting attorney Phillip Kim via phone at 866-767-3653 or via email at [email protected]. It's critical for interested parties to act swiftly, as moving to serve as lead plaintiff must happen before the established deadline to ensure representation in the ongoing litigation.

The Nature of the Allegations

The lawsuit arises from allegations that during the class period, Sun Communities and its executives misled investors by failing to disclose critical financial information. Specifically, the firm claims that key figures within Sun Communities, including CEO Gary Shiffman, created a false narrative surrounding the company’s financial health and growth prospects. They allegedly neglected to disclose a mortgage agreement signed by Shiffman and other undisclosed loans, which significantly skewed the company’s financial disclosures and misled investors regarding its real performance.

These misleading representations purportedly caused investors to incur significant financial losses once the truth about the company's financial standing was revealed. The class action seeks to hold these executives accountable for their purportedly deceptive practices.

Selecting the Right Legal Counsel

Rosen Law Firm has emphasized the importance of investor representation by a qualified legal team with a proven track record in complex securities cases. The firm warns investors to choose counsel wisely, highlighting that many law firms may lack the necessary experience or resources to effectively litigate securities class actions. Rosen Law Firm has a reputation built on substantial settlements and robust representation in the securities sector, becoming a trusted name for many investors seeking justice.

Historically, they have maintained a commendable success rate, securing hundreds of millions for their clients through previous class actions. This includes a landmark settlement against a Chinese company and consistent placements in the top rankings for securities class action settlements since 2013.

Stay Updated with Legal Developments

Investors can stay informed about updates and developments in this ongoing case by following the Rosen Law Firm on their social media channels, including LinkedIn, Twitter, and Facebook.

In conclusion, investors who purchased securities of Sun Communities, Inc. within the defined period have a chance to join a class action lawsuit that could lead to significant relief and accountability for the company's misrepresentations. As the deadline approaches, now is the time to assess your eligibility and take action accordingly.