The Rosen Law Firm, P.A.
May 24, 2024, 14:19 ET
NEW YORK, May 24, 2024 /PRNewswire/ —
Attention of Investors Required
The esteemed Rosen Law Firm, a globally renowned legal entity championing investor rights, is currently conducting an extensive inquiry into potential securities claims for those holding shares in Equity LifeStyle Properties, Inc. (NYSE: ELS). This investigation is prompted by allegations of misleading disclosures by Equity LifeStyle Properties to the investing public.
Key Information:
Shareholders who have acquired securities of Equity LifeStyle Properties may be eligible for compensation through a contingency fee arrangement, without incurring any out-of-pocket costs. The Rosen Law Firm is preparing to institute a class action lawsuit to recoup investor losses.
Next Course of Action:
Those seeking to participate in the possible class action may visit https://rosenlegal.com/submit-form/?case_id=22421 or communicate with Phillip Kim, Esq. via a toll-free line at 866-767-3653 or by emailing [email protected] to obtain further details regarding the class action.
Precursor to the Ongoing Developments:
On January 22, 2024, subsequent to market closing, Equity LifeStyle Properties submitted a current report to the U.S. Securities and Exchange Commission (“SEC”), disclosing its disagreement with the materiality conclusion after receipt of a further Comment Letter from the SEC. Consequently, it was found that the error was material to its hitherto issued financial statements, rendering them unreliable.
Following this disclosure, the stock of Equity LifeStyle Properties experienced a depreciation in value, dropping by $1.96 per share, or 2.84%, to conclude at $67.00 per share on January 23, 2024. The subsequent day, it further declined by $1.45 per share, or 2.16%, closing at $65.55 per share on January 24, 2024.
Reasons to Choose Rosen Law:
We strongly recommend investors to seek representation from experienced counsel with a proven history of success. The Rosen Law Firm serves investors globally, primarily focusing on securities class actions and shareholder derivative litigation. The firm has secured substantial settlements for investors and garnered the largest securities class action settlement ever against a Chinese Company.
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For queries, please reach out to:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
This communication is solely for informational purposes and should not be construed as legal advice. Attorney Advertising. Prior results do not guarantee a similar outcome.