Deadline Alert: CTO Realty Growth, Inc. (CTO) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
CTO Realty GrowthCTO Realty Growth(US:CTO) GlobeNewswire News Room·2025-08-22 16:00

Core Viewpoint - A class action lawsuit has been filed against CTO Realty Growth, Inc. due to allegations of misleading statements and accounting irregularities that have negatively impacted investors during the specified class period [1][3]. Summary by Sections Allegations and Impact - Wolfpack Research published a report on June 25, 2025, claiming that CTO engaged in "accounting shenanigans," including using a sham loan to conceal a top tenant's failure, which led to a stock price drop of $0.98, or 5.4%, closing at $17.10 per share [2]. - The lawsuit alleges that CTO's management made materially false statements and failed to disclose adverse facts about the company's business and financial health, including the unsustainability of dividends and deceptive practices to inflate Adjusted Funds From Operation (AFFO) [3]. Class Action Details - Investors who purchased CTO securities between February 18, 2021, and June 24, 2025, are eligible to file a lead plaintiff motion by the deadline of October 7, 2025 [1][4]. - The complaint asserts that the defendants' positive statements regarding the company's operations were misleading and lacked a reasonable basis [3].