NEW YORK, July 11, 2018 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Farmland Partners Inc. ("Farmland" or the "Company") (NYSE: FPI) resulting from allegations that Farmland may have issued materially misleading business information to the investing public.
If you purchased Farmland securities, and/or would like to discuss your legal rights and options, please visit Farmland Shareholder Investigation or contact Daniel Sadeh toll free at (877) 779-1414 or email@example.com.
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 Farmland securities, and/or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/farmland-partners-inc-fpi-class-action-lawsuit-73/ or contact Daniel Sadeh toll free at (877) 779-1414 or firstname.lastname@example.org.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
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