FPI, FPI-PB ALERT: Pawar Law Group Announces Investigation of Claims Against Farmland Partners Inc. - FPI
NEW YORK, NY / ACCESSWIRE / July 14, 2018 / Pawar Law Group announces it is investigating possible securities claims on behalf of Farmland Partners Inc. (FPI) investors resulting from allegations that HSBC may have issued materially misleading business information to the investing public.
On July 11, 2018, Rota Fortunae published a report 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 Farmland's 2017 earnings could be made-up. The report further stated that "[w]e found evidence that strongly supports FPI has significantly overpaid for properties; under normal circumstances, we estimate FPI is worth $4.85/share, but we think the shares are un-investible." Farmland's securities fell sharply during intraday trading on July 11, 2018.
Pawar Law Group is preparing a class action lawsuit to recover losses suffered by Farmland investors. If you purchased Farmland securities, please visit the firm's website at http://pawarlawgroup.com/cases/farmland-partners-inc/ to join the class action. You may also contact Vik Pawar of Pawar Law Group toll-free at 888-589-9804 or via email at vik@pawarlawgroup.com.
Pawar Law Group represents investors from around the world.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Vik Pawar, Esq.
Pawar Law Group P.C
20 Vesey Street Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Toll-Free: 888-589-9804
Fax: (212) -571-0938
vik@pawarlawgroup.com
www.pawarlawgroup.com
SOURCE: Pawar Law Group
