Business Wire 13-Jul-2018 2:55 PM
Glancy Prongay & Murray LLP ("GPM") announces that it has commenced an investigation on behalf of Farmland Partners Inc. ("Farmland" or the "Company") (NYSE: FPI) investors concerning the Company and its officers' possible violations of federal securities laws.
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On July 11, 2018, Rota Fortunae published a report alleging that Farmland artificially increased revenues by making loans to related-party tenants who round-tripped the cash back to Farmland as rent. The report also claimed that Farmland neglected to disclose that the majority of its loans were made to two members of its management team. On this news, Farmland's share price fell nearly 40% on July 11, 2018, thereby injuring investors.
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If you purchased Farmland 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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