NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) — Attorney Advertising–Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Arbor Realty Trust (“Arbor Realty” or “the Company”) (NYSE: ABR). Investors who purchased Arbor Realty securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/ABR.
Investigation Details
On July 12, 2024, Bloomberg published an article entitled “Arbor Realty Probed by DOJ Over Lending Practices, Loan Book,” reporting that “investigators are inquiring about lending practices and [Arbor Realty]’s claims about the performance of their loan book,” citing sources “who asked not to be named discussing an ongoing investigation.” On this news, Arbor’s stock price fell $2.64 per share, or 17%, to close at $12.89 per share on July 12, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Arbor Realty securities, you can assist this investigation by visiting the firm’s site: bgandg.com/ABR. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
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.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
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