Sun Communities Inc. Common Stock (NYSE: SUI)
50 Days left to seek lead plaintiff status.
According to the Complaint, Sun Communities, Inc. is a real estate investment company that focuses its investments on manufactured housing communities, recreational vehicle communities, and marinas. This lawsuit was filed against the Company and four of its Officers. During the Class Period, Defendants provided investors with material information concerning SUI’s accounting practices and internal control over financial reporting. The Complaint alleges that Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning where money was coming from, namely, undisclosed loans and a $4 million mortgage.