CLASS ACTION UPDATE for FPI and UNM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, July 17, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court; further details about the cases can be found at the links provided.
Farmland Partners Inc. (NYSE:FPI)
Class Period: May 9, 2017 - July 10, 2018
Lead Plaintiff Deadline: September 10, 2018
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: Farmland artificially increased its revenues by marking loans to related party tenants; as a result of the foregoing, Farmland's Class Period revenues were overstated; and as a result, Farmland's public statements were materially false and misleading at all relevant times.
On July 11, 2018, Seeking Alpha featured a report alleging that 310% of Farmland's 2017 earnings could be fabricated. Following this news, shares of Farmland fell from a close of $8.65 on July 10, 2018, to a close of $5.28 the following day.
To learn more about the Farmland Partners class action go to: http://www.zlk.com/pslra-d/farmland-partners-inc?wire=3.
Unum Group (NYSE:UNM)
Class Period: January 31, 2018 - May 2, 2018
Lead Plaintiff Deadline: August 13, 2018
The complaint alleges that the Company was experiencing a higher claims incidence for its long-term care business; the Company was experiencing less favorable policy terminations in connection with its long-term care business; as such, the Company’s long-term care business loss ratio would reach the upper 90% range; and as a result of the foregoing, Defendants’ statements about Unum’s business, operations, and prospects, including statements related to the Company’s long-term care reserves and capital management plans, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the Unum class action go to: http://www.zlk.com/pslra-d/unum-group-2?wire=3.
You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
