Core Viewpoint - A class action lawsuit has been filed against Sun Communities (SUI) for allegedly providing misleading information regarding its accounting practices and internal controls over financial reporting, leading to a significant drop in stock price following a critical investment research report [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased SUI securities between February 28, 2019, and September 24, 2024, with a deadline of February 10, 2025, for investors to apply as lead plaintiffs [1]. - The complaint highlights concerns about the integrity of SUI's Board and the company's governance, controls, and financial disclosures [3]. Group 2: Stock Price Reaction - Following the release of the investment research report on September 24, 2024, SUI's stock price fell from a closing price of $139.10 per share to a low of $137.48 per share the next day [3].
SUI ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Sun Communities and Encourages Investors to Contact the Firm