Arbor Realty Trust, Inc.

Registration Deadline:

09/30/2024

Submit Your Information

A securities class action has been filed in the USDC — E.D.N.Y. against Arbor Realty Trust, Inc. (ABR) (“ABR” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired ABR securities between May 7, 2021 and July 11, 2024, both dates inclusive (the “Class Period”).

 

ABR is a Maryland corporation formed in 2003. They are a nationwide real estate investment trust (“REIT”) and direct lender, providing loan origination and servicing for commercial real estate assets. ABR operates through two business segments: Their Structured Loan Origination and Investment Business, or “Structured Business,” and their Agency Loan Origination and Servicing Business, or “Agency Business.”

  

The claims arise on May 9, 2024, when MGNX presented interim updated safety and efficacy data for its cancer treatment study TAMARACK.

 

The complaint alleges throughout the Class Period, Defendants provided investors with false and/or materially misleading information concerning ABR’s operational and financial health, including its balance sheet loan book and net interest income. Defendants provided investors with this information in quarterly and annual reports filed with the SEC as well as orally during earnings conference calls.

On July 12, 2024, several months later, investor concerns stemming from the NINGI Report and Viceroy Report intensified when Bloomberg reported that ABR was “being probed by federal prosecutors and the Federal Bureau of Investigation in New York.” In response to the report, ABR’s stock price declined from $15.53/share on July 11, 2024 to $12.89/share on July 12, 2024.

 

If you purchased ABR securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

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