September 9, 2024
SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- In a shocking turn of events, investors of Arbor Realty Trust, Inc. have been dealt a heavy blow with the announcement of a class action lawsuit against the company. Arbor Realty Trust, Inc. (NYSE: ABR) is facing allegations of violations of the Securities Exchange Act of 1934, and the impact could be catastrophic for its investors.
According to the lawsuit, captioned Martin v. Arbor Realty Trust, Inc., No. 24-cv-05347 (E.D.N.Y.), the defendants, including certain top executives of the company, are accused of misleading investors by making false and/or misleading statements regarding the company's financial performance and prospects during the class period, which spans from May 7, 2021 to July 11, 2024, inclusive.
Robbins Geller Rudman & Dowd LLP, a law firm specializing in securities class action lawsuits, has announced that investors who purchased or acquired Arbor Realty Trust, Inc. securities during the specified period can seek appointment as lead plaintiff in the class action lawsuit. The deadline for this appointment is Monday, September 30, 2024.
The implications of this lawsuit are severe, and investors who have suffered significant losses are advised to take immediate action. If you are one of the affected investors, it is essential that you contact a qualified lawyer as soon as possible to discuss your options and potential next steps.
As the situation unfolds, it is becoming increasingly clear that this lawsuit could have far-reaching consequences for Arbor Realty Trust, Inc. and its investors. With millions of dollars at stake, the outcome of this case will undoubtedly be watched closely by investors, analysts, and industry experts alike.
For investors, the potential impact of this lawsuit cannot be overstated. If the defendants are found guilty of violating the Securities Exchange Act of 1934, it could result in substantial losses for the investors who purchased or acquired Arbor Realty Trust, Inc. securities during the specified period.
As the deadline for appointment as lead plaintiff approaches, investors are advised to take swift action to protect their interests. With the stakes higher than ever, it is crucial that you seek the advice of a qualified lawyer who can guide you through the process and ensure that your rights are protected.
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