NEW YORK, NY / ACCESSWIRE / July 14, 2018 / Pawar Law Group announces it is investigating possible securities claims on behalf of Farmland Partners Inc. (NYSE: FPI) investors resulting from allegations that HSBC may have issued materially misleading business information to the investing public.
On July 11, 2018, Rota Fortunae published a report alleging that Farmland artificially increased revenues "by making loans to related-party tenants who round-trip the cash back to FPI as rent." According to the report, 310% of Farmland's 2017 earnings could be made-up. The report further stated that "[w]e found evidence that strongly supports FPI has significantly overpaid for properties; under normal circumstances, we estimate FPI is worth $4.85/share, but we think the shares are un-investible." Farmland's securities fell sharply during intraday trading on July 11, 2018.
Pawar Law Group is preparing a class action lawsuit to recover losses suffered by Farmland investors. If you purchased Farmland securities, please visit the firm's website at http://pawarlawgroup.com/cases/farmland-partners-inc/ to join the class action. You may also contact Vik Pawar of Pawar Law Group toll-free at 888-589-9804 or via email at vik@pawarlawgroup.com.
Pawar Law Group represents investors from around the world.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Vik Pawar, Esq.
Pawar Law Group P.C
20 Vesey Street Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Toll-Free: 888-589-9804
Fax: (212) -571-0938
vik@pawarlawgroup.com
www.pawarlawgroup.com
SOURCE: Pawar Law Group
