BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Consolidated Tomoka Land Co. ("CTO" or the "Company") (NYSE MKT: CTO) concerning the Company’s and its officers’ possible violations of federal securities laws. Law Offices of Howard G. Smith is preparing a lawsuit on behalf of injured investors.
On November 13, 2015, Wintergreen Advisors, LLC submitted a letter to CTO informing the Company that, in the opinion of Wintergreen, it was violating federal securities laws by failing to provide forthright and complete disclosures regarding material information to the investing public. Specifically, Wintergreen alleges that “CTO’s recent public filings have not met the standards set forth in these federal securities laws and furthermore, we believe that CTO’s management, led by John Albright, is actively trying to deceive shareholders with filings, investor presentations and disclosures that obfuscate, confuse and hide what is really going on at CTO.”
On December 17, 2015, the letter was made public. As a result, on that day, CTO shares fell $4.03 per share, or 7.3%, to close at $51.20 per share.
If you purchased CTO securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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