NEW YORK, July 11, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Farmland Partners Inc. (NYSE:FPI) Our investigation concerns whether Farmland has violated the federal securities laws and/or engaged in other unlawful business practices.
On July 11, 2018, Rota Fortunae published a report stating, among other things, that “FPI is artificially increasing revenues by making loans to related-party tenants who round-trip the cash back to FPI as rent; 310% of 2017 earnings could be made-up.” The report further stated that “FPI has neglected to disclose that the majority of its loans have been made to two members of the management team, including Jesse Hough, CEO Paul Pittman's long-time business partner,” and “[w]e found evidence that strongly supports FPI has significantly overpaid for properties.” On this news, Farmland's stock fell sharply during intraday trading on July 11, 2018.
If you purchased or otherwise acquired Farmland shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Farmland Partners Inc. please go to https://bespc.com/farmland/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.