NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Farmland Partners Inc. (NYSE: FPI) resulting from allegations that Farmland may have issued materially misleading business information to the investing public.
On July 11, 2018, Rota Fortunae published a report alleging that Farmland artificially increased revenues “by making loans to related-party tenants who round-trip the cash back to FPI as rent.” According to the report, 310% of Farmland’s 2017 earnings could be made-up. The report further stated that, “[w]e found evidence that strongly supports FPI has significantly overpaid for properties; under normal circumstances, we estimate FPI is worth $4.85/share, but we think the shares are un-investible.” Farmland’s securities fell sharply during intraday trading on July 11, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Farmland investors. If you purchased shares of Farmland please visit the firm’s website at http://www.rosenlegal.com/cases-1375.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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