Levi & Korsinsky notifies investors that it has commenced an investigation into Arbor Realty Trust, Inc. (NYSE: ABR) concerning potential violations of the federal securities laws.
On Dec. 5, 2023, hedge fund Viceroy released a second research report on Arbor after purportedly receiving information from “whistleblowers” regarding distressed Arbor deals and underlying assets. Viceroy’s report, entitled “Arbor – Jacksonville Case Study", highlights three multifamily properties in the Jacksonville, Florida area encumbered by Arbor loans, which the hedge fund submits have property values likely below Arbor’s loan balances. The hedge fund states, “Viceroy’s dive into Arbor’s CLOs suggests its entire loan book is distressed and underlying collateral is vastly overstated. These loans do not qualify for refinancing anywhere, and substantially all mature within the next 18 months.” Viceroy concludes, “We believe Arbor is a donut. $0.00.”
If you suffered a loss on your Arbor securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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