CTO Realty Growth Investors: Understanding Your Rights in a Class Action
CTO Realty Growth Class Action Overview
Investors of CTO Realty Growth, Inc. have come under scrutiny following allegations of securities fraud. Recent developments indicate that a class action lawsuit is being initiated for those who experienced financial loss related to CTO's securities.
Background of the Fraud Allegations
The allegations stem from a report published by Wolfpack Research, which claimed that the management of CTO Realty was engaged in deceptive accounting practices. The report highlighted instances where a purported loan was allegedly utilized to conceal the financial troubles of a major tenant, undermining the transparency expected from such a company.
Impact on Share Prices
As a direct consequence of the negative news surrounding these allegations, the company's stock faced a significant downturn. On June 25, 2025, the share price of CTO substantially decreased, closing at $17.10 after a drop of $0.98, equivalent to a 5.4% decline.
Details of the Class Action Lawsuit
The class action lawsuit alleges that during the specified Class Period, the defendants made misleading statements about the company's business and its financial health. Investors were reportedly left unaware of critical information that could have influenced their decisions.
Key Claims of the Lawsuit
The specific claims in the lawsuit include accusations that CTO's dividends were not as stable as portrayed by management, and that there were efforts to inflate Affirmed Funds From Operations (AFFO) misleading investors regarding the company's profitability. Furthermore, the lawsuit alleges the management's positive representations lacked factual support.
How to Participate in the Class Action
If you're an investor who purchased CTO securities within the affected time frame, you're empowered to take action. It is critical to file for appointment as the lead plaintiff in this class action lawsuit by October 7, 2025. By doing so, investors can lend their voices and experiences to the case.
Need More Information About Your Rights?
Individuals wanting to learn more about the potential class action and how to participate are encouraged to reach out. Legal counsel is available to assist investors wishing to understand their rights and options in this situation.
Contact Information
If you have any questions or seek further assistance regarding your legal options, you can contact:
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, California 90067
Email: shareholders@glancylaw.com
Phone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Frequently Asked Questions
What is the purpose of the class action lawsuit?
The class action lawsuit seeks to recover losses for investors who faced financial harm due to alleged securities fraud by CTO Realty Growth, Inc.
How do I know if I qualify to participate?
If you bought CTO securities during the specified Class Period, you might qualify to join the class action.
What steps do I need to take to participate?
You should file a motion for appointment as lead plaintiff by the deadline of October 7, 2025, to maintain your ability to pursue claims.
Who can I contact for assistance?
For inquiries or assistance, reach out to Charles Linehan at Glancy Prongay & Murray LLP via the provided email or phone number.
What are the risks involved in participating?
While participation in a class action can enhance your rights, it does not guarantee recovery or compensation, as outcomes depend on the case's proceedings.
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