NEW YORK, Dec. 21, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Consolidated-Tomoka Land Co. ("CTO" or the "Company") (NYSE: CTO). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.
This investigation concerns whether Consolidated-Tomoka Land Co. and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act").
On December 17, 2015, Wintergreen Advisers, LLC announced that it had sent a letter to CTO, telling the company that, in Wintergreen's opinion, "CTO's recent public filings have not met the standards set forth in [the] federal securities laws and furthermore, we believe that CTO's management, led by John Albright, is actively trying to deceive shareholders with filings, investor presentations and disclosures that obfuscate, confuse and hide what is really going on at CTO." Wintergreen also raised concerns about CTO's releases with regard to the company's use and calculation of leverage and CTO's securities and derivatives portfolios, as the written in the letter, "pattern of apparent mistruths and misrepresentations."
Following this news, CTO stock fell $4.03, or more than 7%, to close at $51.20 on December 17, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of Consolidated-Tomoka Land Co., you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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