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SUI Investors with Losses in Excess of $100K Have Opportunity to Lead Sun Communities, Inc. Securities Fraud Lawsuit
Sun CommunitiesSun Communities(US:SUI) Prnewswireยท2024-12-13 21:55

Core Viewpoint - A class action lawsuit has been filed against Sun Communities, Inc. (NYSE: SUI) for allegedly misleading investors regarding its financial reports and growth projections during the Class Period from February 28, 2019, to September 24, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the defendants created a false impression of SUI's financial health and growth potential, failing to disclose significant financial obligations, including a mortgage and undisclosed loans involving the CEO and a board member [5]. - Investors are encouraged to join the class action, which allows them to seek compensation without upfront costs through a contingency fee arrangement [2][3]. Group 2: Legal Representation - The Rosen Law Firm, known for its success in securities class actions, is representing the investors and has a strong track record, including recovering over $438 million for investors in 2019 alone [4]. - Investors wishing to serve as lead plaintiffs must file their motion by February 10, 2025 [1][3]. Group 3: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - It is noted that no class has been certified yet, and investors are not represented unless they retain counsel [7].