The Law Offices of Frank R. Cruz Announces Investigation of Equity LifeStyle Properties, Inc. (ELS) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of Equity LifeStyle Properties, Inc. (ELS) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Equity LifeStyle Properties, Inc. (“ELS” or the “Company”) (NYSE: ELS) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On January 22, 2024, ELS disclosed that errors it previously determined to be immaterial in the Company’s prior financial statements regarding classification of cash outflows associated with the purchase of manufactured homes were now determined to be material. The Company further disclosed that, as a result, its full year 2022 and first quarter 2023 financial reports should no longer be relied upon.
On this news, ELS’s stock price fell $1.96, or 2.8%, to close at $67.00 per share on January 23, 2024, thereby injuring investors.
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If you purchased ELS 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
