Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of securities of Arbor Realty Trust, Inc. (NYSE: ABR) between May 7, 2021 and July 11, 2024. Arbor Realty describes itself as a “nationwide real estate investment trust (“REIT”) and direct lender, providing loan origination and servicing for commercial real estate assets.”
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The Allegations: Rosen Law Firm is Investigating the Allegations that Arbor Realty Trust, Inc. (NYSE: ABR) Misled Investors Regarding its Business Operations.
According to the lawsuit, during the Class Period, defendants provided investors with false and/or materially misleading information concerning Arbor Realty’s operational and financial health, including its balance sheet loan book and net interest income. Over the course of several months, shareholders learned the truth when first, on March 14, 2023, and then again, on December 5, 2023, investment firms published research reports concerning Arbor Realty’s real estate portfolio and accusing Arbor Realty of hiding toxic assets. On July 12, 2024, Bloomberg reported that federal prosecutors and the Federal Bureau of Investigation were probing Arbor Realty over its lending practices and the value of its loan book. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against Arbor Realty Trust, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 30, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law: Some law firms issuing releases about this matter do not actually litigate securities class actions; Rosen Law Firm does. A recognized leader in shareholder rights litigation, the attorneys and staff of Rosen Law Firm have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing. Since our inception, we have obtained over $1 billion for shareholders.
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