Equity LifeStyle Properties, Inc. (NYSE: ELS)

This investigation is for anyone who acquired securities in Equity LifeStyle Properties, Inc. (NYSE: ELS) prior to January 22, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that accounting errors which the Company previously identified were immaterial when, in fact, those errors were material, which the Company either knew or through due diligence, should have known

On January 22, 2024, ELS disclosed that errors it previously determined to be immaterial in the Company’s prior financial statements regarding classification of cash outflows associated with the purchase of manufactured homes were now determined to be material. The Company further disclosed that, as a result, its full year 2022 and first quarter 2023 financial reports should no longer be relied upon. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Equity LifeStyle Properties, Inc. (NYSE: ELS) prior to January 22, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.