| COMPANY |
Farmland Partners Inc. |
| COURT |
United States District Court for the District of Colorado |
| CASE NUMBER |
18-cv-02104 |
| JUDGE |
The Hon. David M. Ebel |
| CLASS PERIOD |
November 12, 2015 and July 10, 2018 |
| SECURITY TYPE |
All Securities |
Case Background:
On Aug 17, 2018, the initial complaint in this securities class action was filed against Farmland Partners Inc. (“Farmland Partners”) and certain of Farmland Partners’ directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action lawsuit brought on behalf of all persons who purchased or acquired the Farmland Partners securities between February 23, 2017 and July 10, 2018, (the “Class Period”) both dates inclusive.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Farmland Partners artificially increased its revenues by making loans to related party tenants; (2) as a result of the foregoing, Farmland Partners' Class Period revenues were overstated; and (3) as a result, Farmland Partners' public statements were materially false and misleading at all relevant times.
Current Status of Case:
On September 30, 2021, the Court denied Defendants’ Motion to Dismiss and ordered the class be certified, but only as to the Class Period on and after February 23, 2017. On December 16, 2021, Defendants filed a Motion for Summary Judgement. On April 5, 2022, the Court granted Defendants’ Motion for Summary Judgment and the case was dismissed in its entirety. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.