Arbor Realty Trust, Inc. (ABR) Stock Lawsuit Investigation
At a glance
What is the Arbor Realty Trust, Inc. (“Arbor Realty”) (NYSE: ABR) securities class action lawsuit Investigation about?
Gibbs Law Group is investigating potential legal claims on behalf of Arbor Realty investors.What did Arbor Realty do wrong?
We are investigating whether Arbor Realty Trust, Inc. has violated federal securities laws by providing false or misleading statements to investors.What do you get out of this?
This potential lawsuit seeks to help Arbor Realty shareholders recover their losses.
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Why is Arbor Realty stock dropping?
On July 12, 2024, shares of Arbor Realty plummeted nearly 17% in intraday trading after Bloomberg published an article entitled “Arbor Realty Probed by DOJ Over Lending Practices, Loan Book.” The article reports that federal prosecutors and the Federal Bureau of Investigation are investigating Arbor Realty’s “lending practices and the company’s claims about the performance of their loan book.”
The Bloomberg article follows two short seller reports, which previously raised concerns about Arbor Realty’s practices and disclosures, and alleged that Arbor Realty had a distressed loan book.
One report, published by Ningi Research in March 2023, claimed that Arbor Realty “has been hiding a toxic real estate portfolio of mobile homes with a complex web of real and fake holding companies for more than a decade.” Another report, published by Viceroy Research in November 2023, alleged that Arbor Realty’s “entire loan book is distressed and underlying collateral is vastly overstated.”
According to Bloomberg, federal investigators are now probing the New York-based company following these reports, citing sources close to the matter.
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