BOSTON, Dec. 17, 2015 /PRNewswire/ -- Consolidated-Tomoka Land Co. ("CTO" or the "Company") (NYSE: CTO) is being investigated by Block & Leviton, a Boston-based law firm representing investors nationwide, following a significant drop in the Company's stock price.
On November 13, 2015, Wintergreen Advisers, LLC sent the independent directors of CTO a letter identifying "specific examples of failure at the senior management level." The letter concerns potential violations of the federal securities laws, including allegations regarding "CTO's Use of and Disclosure Regarding Leverage," "CTO's Calculation of Leverage," and "CTO's Securities and Derivatives Portfolios." The letter concludes that "CTO management's pattern of apparent mistruths and misrepresentations must be investigated by the Board." The letter became public today, December 17, 2015. Shares in CTO have since dropped.
If you purchased or otherwise acquired shares in CTO on or before December 17, 2015, and have questions about your legal rights or possess information relevant to this investigation, please contact attorney Jake Walker at (617) 398-5600 or by email at jake@blockesq.com. Confidentiality to whistleblowers or others with relevant information is assured.
Block & Leviton represents investors affected by violations of securities laws as well as whistleblowing employees who provide information about their employers' violations of law throughout the country. The firm's lawyers have collectively been prosecuting securities cases for over 70 years, have recovered billions of dollars for investors and represent some of the nation's largest institutional investors.
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Contact:
BLOCK & LEVITON LLP
Jake Walker
155 Federal St, Suite 400
Boston MA 02110
(617) 398-5600
jake@blockesq.com
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SOURCE Block & Leviton LLP
