Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Urges Investors Suffering Losses Greater Than $50,000 In Sun Communities (NYSE: ) To Contact Him Directly To Discuss Their Options

If you suffer losses in excess of $50,000 in Communities of the Sun between February 28, 2019 and September 24, 2024 and want to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson direct on 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York–(Newsfile Corp. – December 25, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating a potential claim against Sun Communities, Inc. (“Sun Communities” or the “Company”) (NYSE: SUI) and reminds investors of February 10, 2025 deadline to seek the role of lead plaintiff in a federal securities class action filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose material adverse facts about where the money came from, namely, undisclosed loans and a $4 million loan. . Importantly, the Defendants withheld significant information regarding insider trading by Board members, loans taken out on behalf of CEO Shiffman’s SUI, and a loan signed by CEO Shiffman for an entity called DH Bingham Farms LLC. . Such statements without these material facts caused the Plaintiff and other shareholders to buy securities of SUI at artificially inflated prices.

On September 25, 2024, Blue Orca Capital published a report stating, among other things, that the CEO of Sun Communities “received an undisclosed $4 million loan from the family of a said independent Director who sits on the Audit Committee and chairs the Compensation Committee. for nearly a decade.”

On this news, Sun Communities’ stock price fell $1.62, or 1.2%, to close at $137.48 per share on September 25, 2024, thus hurting investors.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is substantially and generally among the class members managing and managing the litigation on behalf of the purported class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain a non-class member. Your ability to share in any recovery is not affected by the decision to serve as lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information about Sun Communities’ conduct to contact the company, including whistleblowers, former employees, shareholders and others.

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Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict similar results with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated confidentially.

To view the original version of this press release, please visit https://www.newsfilecorp.com/release/234576