NEW YORK--(BUSINESS WIRE)-- Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of securities of Sun Communities, Inc. (NYSE: SUI) between February 28, 2019 and September 24, 2024. SUI describes itself as a “real estate investment company that focuses its investments on manufactured housing communities, recreational vehicle communities, and marinas.”

For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.

The Allegations: Rosen Law Firm is Investigating the Allegations that Sun Communities, Inc. (NYSE: SUI) Misled Investors Regarding its Business Operations.

According to the lawsuit, during the Class Period, defendants created the false impression that they were presenting a complete and accurate picture of SUI’s financial reports and accounting pertaining to SUI’s projected revenue outlook and anticipated growth. At no point did defendants state or even allude to the DH Bingham Farms LLC mortgage, signed by Chief Executive Officer (“CEO”) Gary Shiffman, or the multiple undisclosed loans CEO Gary Shiffman received, including one from SUI Board Member Arthur Weiss. Defendants misled investors by providing the public with materially flawed statements of confidence and growth projections throughout the Class Period, which did not account for these variables. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against Sun Communities, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by February 10, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

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