Class Action News

FPI Class Action Investigation Commences

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July 12, 2018

Levi & Korsinsky announces it has commenced an investigation of Farmland Partners Inc. (“Farmland” or “the Company”) (NYSE: FPI) concerning possible violations of federal securities laws. On July 11, 2018, Rota Fortunae published a report alleging that Farmland artificially increased revenues “by making loans to related-party tenants who round-trip the cash back to FPI as rent” and that “30% of [Farmland’s] 2017 earnings could be made-up.” The report further stated that Farmland “neglected to disclose that the majority of its loans have been made to two members of the management team.” On this news, shares of Farmland fell from a close of $8.65 on July 10, 2018 to a close of $5.28 on July 11, 2018. To obtain additional information on the Farmland class action investigation (FPI class action investigation), go tohttp://www.zlk.com/pslra-d/farmland-partners-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

 

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.