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Berger Montague PC Investigates Securities Claims Against CTO Realty Growth, Inc. (NYSE: CTO) Following Class Action Filing
Prnewswireยท 2025-08-12 18:21
Core Viewpoint - Berger Montague PC is investigating potential securities fraud claims against CTO Realty Growth, Inc. following a class action lawsuit related to securities purchased between February 18, 2021, and June 24, 2025 [1][2] Company Overview - CTO Realty Growth, Inc. is a real estate investment trust (REIT) headquartered in Winter Park, Florida [2] Legal Allegations - The lawsuit alleges that on June 25, 2025, Wolfpack Research published a report accusing CTO of financial manipulation, claiming the company covered a $38 million dividend gap by significantly diluting its shares and excluding necessary recurring capital expenditures from its Adjusted Funds From Operations [3] - The report also alleged that CTO used a "sham loan" to conceal a major tenant failure at Ashford Lane, a key property [3] Market Reaction - Following the allegations, CTO's stock price fell nearly 6%, closing at $17.10 per share on June 25, 2025 [4]