NEW YORK, NY / ACCESSWIRE / December 14, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Arbor Realty Trust, Inc. ("Arbor" or "the Company") (NYSE:ABR). Investors who purchased Arbor securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/abr.
The investigation concerns whether Arbor has violated federal securities laws.
Investigation Details:
On November 17, 2023, hedge fund Viceroy released a research report entitled "Arbor Realty Trust - Slumlord Millionaires." In its report, Viceroy concluded that "Arbor's high-risk multifamily bridge loans, which comprise substantially all of its asset book, are going bad fast… The end is near." Then, on December 5, 2023, after purportedly receiving information from "whistleblowers" regarding distressed Arbor deals and underlying assets, Viceroy released a second research report on the company entitled, "Arbor - Jacksonville Case Study." The second report highlighted three multifamily properties in the Jacksonville, Florida area encumbered by Arbor loans, which Viceroy submits have property values likely below Arbor's loan balances. Asserting that Arbor's "entire loan book is distressed and underlying collateral is vastly overstated", Viceroy concluded that "Arbor is a donut. $0.00." On this news, Arbor's stock price fell $0.71 per share, or 5.12%, over two trading sessions, to close at $13.15 per share on December 6, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchased Arbor securities, you can assist this investigation by visiting the firm's site: bgandg.com/abr. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC