Arbor Realty Trust, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On March 14, 2023, NINGI Research published a report alleging, among other things, that Arbor had been “hiding a toxic real estate portfolio of mobile homes with a complex web of real and fake holdings companies for more than a decade.” On this news, Arbor’s stock price fell $1.46, or 11.2%, over two consecutive trading days to close at $11.53 per share on March 15, 2023, thereby injuring investors.
Then, on December 5, 2023, Viceroy Research published a report claiming that, in an “industry plagued with delusion and bad decisions, [Arbor] stands out as the worst of the worst.” The report further stated that the Company’s “entire loan book is distressed and underlying collateral is vastly overstated.” On this news, Arbor’s stock price fell $0.71, or 5.1%, over two consecutive trading days, to close at $13.15 per share on December 6, 2023.
Then, on July 12, 2024, Bloomberg reported that federal prosecutors and the Federal Bureau of Investigation were looking into Arbor regarding its lending practices and the Company’s claims about the performance of their loan book. On this news, Arbor’s stock price fell $2.64, or 17%, to close at $12.89 per share on July 12, 2024, thereby injuring investors further.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants: (1) provided investors with false and/or materially misleading information concerning its operational and financial health, including its balance sheet loan book and net interest income; (2) provided investors with this information in quarterly and annual reports filed with the SEC as well as orally during earnings conference calls; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
