Business Wire 13-Jul-2018 4:35 PM
Zamansky LLC announces that it is investigating Farmland Partners Inc. (FPI) for potential breaches of fiduciary duties by the Board of Directors to current shareholders. If you are a shareholder of Farmland Partners who still holds your shares, please contact our firm for information.
On July 11, 2018, analyst Rota Fortunae published a report on SeekingAlpha which accused Farmland Partners of "artificially increasing revenues by making loans to related-party tenants who round-trip the cash back [ ] as rent." The report further accuses Farmland Partners of failing to disclose that the majority of its land have been made to members of the management team, and that the Company overpaid for properties. Following the accusations, a securities class action lawsuit was filed.
According to Jake Zamansky, investment fraud attorney, Farmland Partners' officers and directors owe their shareholders fiduciary duties. The accusations raise issues of potential concern for investors, Zamansky says. Our law firm is investigating whether the officers and directors breached their duties to shareholders, he says.
What Farmland Partners' Shareholders Can Do
If you are a current shareholder of FPI who purchased before May 2017, and who still holds your stock, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email email@example.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, https://www.zamansky.com.
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