NEW YORK, NY / ACCESSWIRE / January 28, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Equity Lifestyle Properties, Inc. ("Equity" or "the Company") (NYSE:ELS). Investors who purchased Equity securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/ELS.
Investigation Details:
On January 22, 2024, Equity disclosed in a filing with the U.S. Securities and Exchange Commission ("SEC") that, after initially concluding that an error in certain of the Company's previously issued financial statements, "which relates solely to the classification of cash outflows associated with the purchase of manufactured homes in the Consolidated Statements of Cash Flows," was immaterial, Equity's Audit Committee subsequently determined that the error was, in fact, material to the financial statements at issue. Accordingly, Equity advised investors that its annual report for 2022 and its quarterly report for the first quarter of 2023 should no longer be relied upon. On this news, Equity's stock price fell sharply during intraday trading on January 23, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Equity securities, you can assist this investigation by visiting the firm's site: bgandg.com/ELS. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
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