CONTACT KTMC

Investor Class Action Filed Against Farmland Partners Inc. for Securities Fraud Violations

Notice is hereby given that a securities fraud class action lawsuit has been filed on behalf of those who purchased or otherwise acquired publicly traded Farmland Partners Inc. ("Farmland") (NYSE: FPI or FPI-PB)  securities between March 16, 2016 through July 10, 2018, both dates inclusive (the "Class Period").

Farmland investors may receive additional information about this securities fraud class action by clicking the link "Submit Your Information" above.

Farmland investors may receive additional information about this securities fraud class action by clicking the link "Submit Your Information" above.

According to the complaint, Farmland is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. Farmland purports to own or have under contract over 166,000 acres in 17 states.

The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that Farmland made loans to related party tenants to artificially increase its revenues and as a result, Farmland's Class Period revenues were overstated and its public statements were materially false and misleading at all relevant times.

On July 11, 2018, Rota Fortunae published an online report alleging that Farmland Partners artificially increased revenues "by making loans to related-party tenants who round-trip the cash back to FPI as rent" and that "30% of [Farmland's] 2017 earnings could be made-up."  The report further stated that Farmland "neglected to disclose that the majority of its loans have been made to two members of the management team."

Following this news, the price of Farmland common stock dropped more than 38%, and the price of Farmland Series B preferred stock fell more than 24%.

If you are a member of the class described above, you may, no later than September 10, 2018 move the Court to serve as lead plaintiff of the class, if you so choose.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter.  If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form relating to your transactions for Farmland Partners Inc. ("Farmland") (NYSE: FPI or FPI-PB)  securities between March 16, 2016 through July 10, 2018, both dates inclusive (the "Class Period").  

Once completed, please click the orange “Submit Your Information” button at the bottom of this page. You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 888.299.7706, or you may submit your information via email at info@ktmc.com.

* Denotes required field
 
 
 
 
 
 
# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Farmland Partners Inc. prior to the Class Period?
Are you a current or former employee of Farmland Partners Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
I agree to the KTMC
disclaimer
I would like to receive
new case alerts by email