NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) —
why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities litigation on behalf of shareholders of Equity Lifestyle Properties, Inc. (NYSE: ELS) arising from allegations that the company may have issued materially misleading business information to investors.
so what: If you purchased Equity LifeStyle Properties securities, you may be entitled to compensation without payment of out of pocket costs or expenses through a contingency fee agreement. The Rosen Law Firm is preparing a class action lawsuit seeking recovery of investor losses.
What to do next: To join the class action, go to https://rosenlegal.com/submit-form/?case_id=22421, call Attorney Phillip Kim toll free at 866-767-3653, or email [email protected] for information about the class action.
What is this about: On January 22, 2024, after market close, Equity Lifestyle Properties filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (SEC) stating:[f]After receiving an additional comment letter in which the SEC staff informed the company that it disagreed with the materiality conclusion, the company and its audit committee determined that the error was material to the company's previously issued financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Prior Financial Statements”). Equity Lifestyle Properties further stated that it has “determined that the Prior Financial Statements, and any reports on our Prior Financial Statements, related earnings releases, investor presentations or similar communications, can no longer be relied upon.”
On this news, Equity Lifestyle Properties' stock price fell $1.96 per share, or 2.84%, to close at $67.00 per share on January 23, 2024. The following day, the stock price fell $1.45 per share, or 2.16%, to close at $65.55 per share on January 24, 2024.
Why choose Rosen Law Firm: We encourage investors to select competent counsel with a proven track record of leadership. Law firms that issue notices often do not have comparable experience, resources, or meaningful peer recognition. Many of these firms do not actually handle securities class actions. Be wise in selecting your counsel. Rosen Law Firm represents investors around the world and concentrates its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement in history against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs' Counsel by law360. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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contact address:
Laurence Rosen
Mr. Philip Kim
Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
Email: [email protected]
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