Sun Communities, Inc. (NYSE: SUI)

This lawsuit is for anyone who acquired securities in Sun Communities, Inc. (NYSE: SUI) from February 28, 2019 through September 24, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had sufficient internal controls to prevent self-dealing amongst Company insiders when the Company lacked such controls.

On September 24, 2024, after market hours, Blue Orca Capital published a report alleging, among other things, that Sun Communities’ CEO “received an undisclosed $4 million loan from the family of a purportedly independent Director who has sat on the Audit Committee and chaired the Compensation Committee for close to a decade.” 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 Sun Communities, Inc. (NYSE: SUI) from February 28, 2019 through September 24, 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.