Securities Class Action Filed for Sun Communities, Inc. Shareholders
Important Announcement for Shareholders of Sun Communities, Inc.
The Gross Law Firm is reaching out to shareholders of Sun Communities, Inc. (NYSE: SUI) to highlight critical information regarding a recent securities class action. This notice serves to inform and encourage all affected shareholders to come forward and consider their options.
Context of the Case
Shareholders who acquired shares during the specified class period are invited to engage with the firm about potential lead plaintiff roles. It's crucial to note that becoming a lead plaintiff is not a prerequisite for pursuing recovery.
Details of the Class Period
The class period for this action spans from February 28, 2019, to September 24, 2024. During this time, investors were allegedly misled regarding significant aspects of SUI’s accounting practices and financial reporting controls. This breach of trust has raised serious concerns within the investor community.
The Allegations Leading to the Class Action
According to the claims presented, misleading information was shared with investors about the integrity of SUI’s Board and its governance practices. On September 24, 2024, an investment research report surfaced that questioned these practices, leading to immediate market reactions. The aftermath saw SUI's stock price plummet from a closing value of $139.10 on September 24, 2024, to a low of $137.48 on the following day.
Important Deadlines
Shareholders should act promptly to register for this class action, given that the deadline for registration is February 10, 2025. It is advisable to register your information as soon as possible to ensure your participation.
Next Steps for Involved Shareholders
Eligible shareholders who sign up will gain access to a portfolio monitoring service. This system will keep them updated on the status of their involvement throughout the case lifecycle. There are no costs or obligations associated with registering for this action.
Why Choose The Gross Law Firm?
The Gross Law Firm stands out as a nationally recognized class action firm dedicated to safeguarding the rights of investors who have experienced losses due to deceitful practices. Committed to promoting responsible business conduct, the firm aims to recover losses suffered by investors due to misleading information or omissions from companies.
Contact Information
For further inquiries or assistance, interested parties are encouraged to reach out to The Gross Law Firm:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Phone: (646) 453-8903
Frequently Asked Questions
What is the purpose of the class action regarding SUI?
The class action aims to address allegations of misleading information regarding SUI's accounting practices, impacting shareholders' investments.
Who can participate in the class action?
Any shareholder who purchased SUI shares during the class period can register to participate in the class action.
What happens after I register for the class action?
Once registered, you will be included in a monitoring system that provides updates on the status of the case.
Is there a cost to join the class action?
No, there is no cost or obligation for shareholders to join the action.
What is the deadline to register for this class action?
The deadline for registering is set for February 10, 2025.
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