Energy News / Shareholders Foundation, Inc.

NYSI: FPI Shareholder Notice: Lawsuit Alleges Misleading Statements by Farmland Partners Inc.

Via: ReleaseWire

Updated 12:00 PM CDT, Tue, July 24,2018

A lawsuit was filed on behalf of investors in Farmland Partners Inc. (NYSI: FPI) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 07/24/2018 -- An investor in shares of Farmland Partners Inc. (NYSI: FPI) filed a lawsuit against Farmland Partners Inc. over alleged violations of Federal Securities Laws.

Investors who purchased shares of Farmland Partners Inc. (NYSI: FPI) have certain options and for certain investors are short and strict deadlines running. Deadline: September 10, 2018. NYSI: FPI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 11, 2018, a report was published alleging that Farmland Partners Inc. (NYSI: FPI) 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."

The plaintiff claims that between May 9, 2017, through July 10, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Farmland Partners artificially increased its revenues by making loans to related party tenants, that as a result of the foregoing, Farmland Partners' Class Period revenues were overstated, and that as a result, Farmland Partners' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Farmland Partners Inc. (NYSI: FPI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysi-fpi-shareholder-notice-lawsuit-alleges-misleading-statements-by-farmland-partners-inc-1016312.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com