According to the complaint, defendants made materially false and/or misleading statements and/or failed to disclose that:
- CTO’s dividends were less sustainable than defendants had led investors to believe;
- CTO Realty Growth used deceptive and unsustainable practices to artificially inflate its Adjusted Funds from Operations (“AFFO”) and overstate the true profitability of its Ashford Lane property;
- accordingly, CTO Realty Growth’s business and/or financial prospects were overstated; and
- as a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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