NEW YORK, NY / ACCESSWIRE / October 23, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Sun Communities, Inc. ("Sun" or the "Company") (NYSE:SUI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Sun and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On July 30, 2024, Paragon 28 disclosed that its previously reported financial results On September 25, 2024, Blue Orca Capital ("Blue Orca") published a report alleging that Sun's Chief Executive Officer ("CEO") had an "undisclosed $4 million loan from the family of a purported independent Director who has sat on the Audit Committee and chaired the Compensation Committee for over a decade," and that Blue Orca had also "uncovered" additional personal loans from members of Sun's board of directors to the CEO.
Following publication of the Blue Orca report, Sun's stock price fell $1.62 per share, or 1.16%, to close at $137.48 per share on September 25, 2024.
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SOURCE: Pomerantz LLP