Arbor Realty Trust (ABR) Bad Loans Case

The case has been dismissed, typically without any further action.

E.D. New York

Court

1:24-cv-05347

Case number

05/07/2021

Class period Start

07/11/2024

Class period End

09/30/2024

Lead Plaintiff motion deadline

$ABR stockholder filed a claim against Arbor Realty for misleding about its financial health, including its loan book and net interest income.
On December 5, 2023, following the news, $ABR fell 3.8%, losing $98M+ of shareholder value.
Arbor Realty investors can join this case to be notified about potential recovery.

Case Details:

On March 14, 2023, NINGI Research accused ABR of hiding a toxic portfolio of mobile homes and using fake holding companies for over a decade.

On December 5, 2023, Viceroy reported that ABR's Jacksonville, FL properties are among the worst in a troubled industry, with a distressed loan book and overstated collateral.

Then, on July 12, 2024, Bloomberg reported that federal prosecutors and the FBI were investigating ABR's lending practices and loan performance claims.

On this news, $ABR fell by 16% on the same day.

Considering all the information, investors suspect that Arbor misled them about its financial health, including its loan book and net interest income.

Case Type

US Securities Class Action

Case Status

Dismissed

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

07/12/2024

Filing date

07/31/2024

Lead Plaintiff Deadline

09/30/2024