{"id":84860,"date":"2024-09-17T00:58:02","date_gmt":"2024-09-17T00:58:02","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/arbor-realty-abr-under-fire-amid-mounting-legal-and-financial-troubles-hagens-berman\/"},"modified":"2024-09-17T00:58:02","modified_gmt":"2024-09-17T00:58:02","slug":"arbor-realty-abr-under-fire-amid-mounting-legal-and-financial-troubles-hagens-berman","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/arbor-realty-abr-under-fire-amid-mounting-legal-and-financial-troubles-hagens-berman\/","title":{"rendered":"Arbor Realty (ABR) Under Fire Amid Mounting Legal and Financial Troubles – Hagens Berman"},"content":{"rendered":"
\n

SAN FRANCISCO, Sept. 16, 2024 (GLOBE NEWSWIRE) — Arbor Realty Trust is grappling with escalating scrutiny as a series of critical reports and legal actions cast a shadow over the company\u2019s financial health and business practices.<\/p>\n

Hagens Berman urges Arbor Realty Trust, Inc. (NYSE: ABR)<\/strong> investors who suffered substantial losses to submit your losses now<\/a>.<\/p>\n

Class Period: <\/strong>May 7, 2021 \u2013 July 11, 2024
Lead Plaintiff Deadline: <\/strong>Sept. 30, 2024
Visit:<\/strong> www.hbsslaw.com\/investor-fraud\/ABR<\/a>
Contact the Firm Now:<\/strong> ABR@hbsslaw.com<\/a>
\u00a0\u00a0 844-916-0895<\/strong><\/p>\n

On September 6, 2024, Viceroy Research published a report titled \u201cSEC FOIA Appeal Update,\u201d stating that the Freedom of Information Act (FOIA) office responded to a Viceroy-instigated appeal of records withheld by the SEC. Although Viceroy\u2019s appeal was denied, Viceroy reported that the SEC enforcement staff confirmed the existence of responsive records concerning Arbor Realty Trust<\/em><\/strong>, potentially signifying that the SEC has opened its own probe.
This latest development follows a report from Viceroy on September 3, 2024, titled \u201cArbor \u2013 Foreclosure Special.\u201d Viceroy concluded that \u201cArbor is facing a wave of foreclosures, as borrowers, unable to pay interest or deliver equity, are walking away and handing Arbor their keys.\u201d<\/p>\n

One notable example highlighted by Viceroy involves a foreclosure auction sale to an entity named Arbor SRV Circle at 1800. Viceroy noted that while it remains unclear whether Arbor SRVs are consolidated subsidiaries of Arbor, \u201c[i]f they are then this is a damning indictment of their loan book: the only party willing to pay anything near the loan balance on the property is Arbor itself.\u201d<\/p>\n

Viceroy has previously written a series of blistering reports which have accused Arbor of misleading investors about the quality of its loan book and engaging in \u201cwindow-dressing\u201d to obscure financial troubles. In a report released earlier in August, Viceroy pointed to a 10% surge in delinquent loans to $1 billion as evidence of the company\u2019s deteriorating financial condition.<\/p>\n

Securities Class Action Against Arbor Realty Trust, Inc. (ABR): <\/strong><\/p>\n

Arbor is also contending with a class-action lawsuit alleging securities fraud. Filed in late July, the suit accuses the company of painting a misleadingly rosy picture of its business performance.<\/p>\n

Investor concerns about Arbor\u2019s financial health first surfaced in March 2023 when NINGI Research questioned the value of the company\u2019s real estate holdings, particularly its mobile home portfolio. In December 2023, Viceroy released a report alleging widespread issues with the company\u2019s loan book. The situation further deteriorated on July 12, 2024, when reports of a federal investigation into the company\u2019s lending practices emerged. Each of these revelations has caused Arbor\u2019s share price to plummet.<\/p>\n

These allegations have prompted prominent shareholder rights firm Hagens Berman to launch an investigation into potential securities fraud.<\/p>\n

\u201cWe are investigating whether Arbor Realty may have misled investors about its financial health and the quality of its loan book,\u201d said Reed Kathrein, a partner at Hagens Berman. \u201cInvestors deserve to know the truth about their investments, and we are committed to holding companies accountable.\u201d<\/p>\n

If you invested in Arbor and have substantial losses, or have knowledge that may assist the firm\u2019s investigation, submit your losses now<\/a> \u00bb<\/p>\n

If you\u2019d like more information and answers to frequently asked questions about the Arbor case and our investigation, read more<\/a> \u00bb<\/a><\/p>\n

Whistleblowers: <\/strong>Persons with non-public information regarding Arbor should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email ABR@hbsslaw.com<\/a>.<\/p>\n

About Hagens Berman<\/a>
Hagens Berman is a global plaintiffs\u2019 rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman\u2019s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0@ClassActionLaw<\/a>.<\/p>\n

Contact: <\/u>
Reed Kathrein, 844-916-0895<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, Sept. 16, 2024 (GLOBE NEWSWIRE) — Arbor Realty Trust is grappling with escalating scrutiny as a series of critical reports and legal actions cast a shadow over the company\u2019s financial health and business practices. Hagens Berman urges Arbor Realty Trust, Inc. (NYSE: ABR) investors who suffered substantial losses to submit your losses now. 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