Class Action News

Levi & Korsinsky Announces FPI Lawsuit, Class Action Commences

Levi & Korsinsky

July 17, 2018

NEW YORK, July 17, 2018 – Levi & Korsinsky, LLP announces a class action on behalf of all persons or entities who purchased or otherwise acquired securities of Farmland Partners Inc. (“Farmland”) (NYSE: FPI) between May 9, 2017 and July 10, 2018. You are hereby notified that the Farmland Partners lawsuit has been commenced in the United States District Court for the District of Colorado. To get more information about the FPI lawsuit click here: http://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. There is no cost or obligation to you.

The FPI class action complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Farmland artificially increased its revenues by marking loans to related party tenants; (ii) as a results of the foregoing, Farmland’s Class Period revenues were overstated; and (iii) as a result, Farmland’s public statements were materially false and misleading at all relevant times. On July 11, 2018, Seeking Alpha featured a report alleging that 310% of Farmland’s 2017 earnings could be fabricated. Following this news, shares of Farmland fell from a close of $8.65 on July 10, 2018, to a close of $5.28 the following day.

If you suffered a loss in Farmland you have until September 10, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.