The law firm of Kirby McInerney LLP is investigating potential claims against Equity LifeStyle Properties, Inc. (“Equity” or the “Company”) (NYSE: ELS). The investigation concerns whether Equity and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
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On January 22, 2024, Equity disclosed in a filing with the U.S. Securities and Exchange Commission that a prior error in the Company’s previously filed financial statements determined to be immaterial was in fact, material. The error, which related to the classification of class outflows from the purchase of manufactured homes, led Equity to advise investors that its annual report for 2022 and first quarter report for 2023 should no longer be relied upon. On this news, the price of Equity shares declined by $1.96 per share, or approximately 2.84%, from $68.96 per share on January 22, 2024 to close at $67.00 on January 23, 2024.
If you purchased or otherwise acquired Equity securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
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