LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Farmland Partners Inc. ("Farmland" or the "Company") (NYSE: FPI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rota Fortunae published a report on July 11, 2018, claiming that Farmland inflated revenues by “making loans to related-party tenants who round-trip the cash back to FPI as rent.” The report alleges that 310% of Farmland’s 2017 earnings could have been generated this way. Rota Fortunae states in its report, “we 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.” Based on this report, Farmland shares dropped significantly during intraday trading on July 11, 2018.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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