Pomerantz Law Firm Announces The Filing Of A Class Action Lawsuit On Behalf Of

Pomerantz LLP Announces Class Action Lawsuit Against Arbor Realty Trust

Pomerantz Law Firm Announces the Filing of a Class Action Lawsuit on Behalf of

Pomerantz LLP Announces That a Class Action Lawsuit Has Been Filed Against Arbor Realty Trust

POMERANTZ LLP IS INVESTIGATING CLAIMS ON BEHALF OF INVESTORS OF ARBOR REALTY TRUST (NYSE: ABR) -- INVESTORS WITH LOSSES ARE ENCOURAGED TO CONTACT THE FIRM

NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Arbor Realty Trust ("Arbor" or the "Company") (NYSE: ABR) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 23-cv-06048, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Arbor securities between July 29, 2021 and June 14, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top executives.

If you are a shareholder who purchased Arbor securities during the class period, you have until September 12, 2023, to ask the Court to appoint you as Lead Plaintiff for the class.

Arbor Realty Trust Class Action Complaint

Arbor is a real estate investment trust that invests in first mortgage loans and mezzanine loans, as well as mortgage-backed securities. The Company's portfolio is primarily composed of multifamily and commercial properties located in the United States.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements about the Company's financial results and prospects. Specifically, Defendants failed to disclose that the Company faced increasing competition in its target markets, which was putting pressure on its margins. As a result of this undisclosed information, Arbor's stock traded at artificially inflated prices during the Class Period.

However, on March 16, 2023, the truth about the Company's financial condition was revealed when Arbor reported that it missed its earnings targets, due to the increased competition in the markets in which it operates, and lowered its guidance for the full year.

On this news, the Company's share price fell more than 26%, damaging investors.

The complaint alleges that, as a result of Defendants' misconduct, investors have suffered significant damages.