CTO Realty Growth(US:CTO) GlobeNewswire News Room·2025-08-19 20:13Core Viewpoint - A class action securities lawsuit has been filed against CTO Realty Growth, Inc. alleging securities fraud that affected investors between February 18, 2021, and June 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that CTO Realty Growth, Inc. made false statements regarding the sustainability of its dividends and used deceptive practices to inflate its adjusted funds from operations [2]. - It is alleged that the company overstated the true profitability of its Ashford Lane property, leading to an overall overstatement of its business and financial prospects [2]. - The defendants' public statements are claimed to have been materially false and misleading throughout the relevant time period [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 7, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]. - The firm has extensive expertise in complex securities litigation and employs a team of over 70 professionals to assist clients [4].