Investigating CTO Realty Growth: Claims of Unlawful Practices
CTO Realty Growth Investigation Overview
CTO Realty Growth, Inc. (NASDAQ: CTO) is currently facing an investigation led by the respected law firm Bragar Eagel & Squire, P.C. The firm, known for its commitment to protecting shareholder rights, is looking into potential unlawful practices related to CTO's financial operations. The aim is to safeguard the interests of stockholders who may have been affected by any wrongdoing.
Allegations of Improper Accounting Practices
Recent discussions have surfaced regarding allegations made by Wolfpack Research. Their report, titled "CTO: The B. Riley of REITs," claims that CTO Realty Growth has engaged in what they describe as "manipulative" accounting practices. Particularly, the report challenges the company’s definition of its Adjusted Funds From Operation (AFFO), a crucial metric for real estate investment trusts (REITs).
The Impact of Management Decisions
The report goes further, asserting that management may have used a fraudulent loan arrangement to obscure issues with a significant tenant. These allegations raise concerns not just about transparency, but also about the potential financial implications for the company moving forward. Stakeholders are urged to consider how these issues might affect the viability and profitability of CTO Realty Growth.
Stock Market Response
In response to these troubling revelations, CTO Realty Growth’s stock experienced a noticeable decline. Following the publication of the report, the stock price fell by $0.98, settling at $17.10 per share. This drop highlights the sensitive nature of investor confidence in the company's business practices.
Legal Options for Shareholders
If you have purchased shares of CTO Realty Growth and believe you have suffered a loss, it is crucial to explore your legal options. Bragar Eagel & Squire encourages long-term investors, as well as those who might have additional information regarding these claims, to get in touch. The firm offers interest-free consultations, ensuring that interested parties can understand their rights and obligations without any financial commitment.
How to Contact the Investigation Team
For inquiries or further information, individuals can reach out directly to Brandon Walker or Marion Passmore via email, or by phone. Their expertise in securities litigation can provide valuable guidance for anyone affected by these developments.
About Bragar Eagel & Squire, P.C.
Bragar Eagel & Squire, P.C. is a well-known law firm specializing in issues related to commercial and securities litigation. With a solid presence in the legal field, the firm is dedicated to assisting both institutional and individual investors across various complex legal challenges. Their service reaches nationwide, emphasizing their commitment to upholding investor rights.
Keeping Investors Informed
As the investigation unfolds, it is important for stakeholders to stay updated. Bragar Eagel & Squire actively shares information through various channels, providing insights into the ongoing process. By following their updates, investors can remain informed about the developments that could impact their investment decisions.
Frequently Asked Questions
What is the nature of the investigation into CTO Realty Growth?
The investigation by Bragar Eagel & Squire focuses on potential unlawful practices and claims related to accounting discrepancies.
How did the stock market react to the allegations against CTO?
Following the allegations, CTO's stock price dropped significantly, reflecting investor concern over the company's practices.
What steps should investors take if they have been affected?
Affected investors are encouraged to contact Bragar Eagel & Squire for legal advice and potential action.
Who can I contact for more information regarding the investigation?
Brandon Walker and Marion Passmore at Bragar Eagel & Squire are available for inquiries via email or phone.
What services does Bragar Eagel & Squire offer?
The firm provides legal representation and consultation for investors involved in securities and commercial litigation.
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