BOSTON, July 11, 2018 /PRNewswire/ — Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Farmland Partners, Inc. (“Farmland” or the “Company”) (NYSE: FPI) and certain of its officers and directors violated the federal securities laws.
On July 11, 2018, Rota Fortunae published an article alleging that Farmland artificially increased revenues “by making loans to related-party tenants who round-trip the cash back to FPI as rent.” According to the report, 310% of the Company’s 2017 earnings could be made-up.
“We found evidence that strongly supports FPI has significantly overpaid for properties,” Rota Fortunae writes, adding that “under normal circumstances, we estimate FPI is worth $4.85/share, but we think the shares are un-investible.”
On this news, FPI stock has plunged over 21%.
If you purchased or otherwise acquired FPI securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney John DeFelice at (888) 868-2385, by email at email@example.com or by visiting http://shareholder.law/farmland.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nations’ largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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