NEW YORK, NY - 
(NewMediaWire) - August 08, 2024 - Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of investors that purchased Arbor Realty Trust Inc. (“Arbor Realty” or the “Company”) (NYSE: ABR) common stock between May 7, 2021 and July 11, 2024 (the “Class Period”).
If you are an investor in Arbor Realty and have suffered losses, you may click here to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
Arbor Realty is a real estate investment trust or “REIT”. The Company invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estates.
According to the complaint, on March 14, 2023, a report was published by NINGI Research alleging that the Company had been “hiding a toxic real estate portfolio of mobile homes with a complex web of real and fake holdings companies for more than a decade.”
The complaint also alleges that on December 5, 2023, Viceroy Research published a report claiming that Arbor Realty’s CLOs suggest its “entire loan book is distressed and underlying collateral is vastly overstated.”
Finally, on July 12, 2024, Bloomberg reported in an article titled “Arbor Realty Probed by DOJ Over Lending Practices, Loan Book” that “Federal prosecutors and the Federal Bureau of Investigation in New York are looking into Arbor Realty Trust Inc. on the heels of short seller attacks about the lender’s practices and disclosures, according to people familiar with the matter.” According to Bloomberg’s report, “[t]he investigators are inquiring about lending practices and the company’s claims about the performance of their loan book. . . .”
On this news, the price of Arbor Realty shares fell $2.64 per share, or 17%, from a close price of $15.53 per share on July 11, 2024 to close at $12.89 per share on July 12, 2024.
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If you have any questions about this Notice, your rights, or your interests, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
