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The filed complaint alleges that CTO Realty Growth, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) CTO’s dividends were less sustainable than defendants had led investors to believe; (ii) the Company used deceptive and unsustainable practices to artificially inflate its adjusted funds from operations and overstate the true profitability of its Ashford Lane property; (iii) accordingly, CTO’s business and/or financial prospects were overstated; and (iv) as a result, defendants’ public statements were materially false and misleading at all relevant times.
In order to be eligible to join the CTO class action lawsuit, you must have incurred a loss on shares of CTO Realty Growth, Inc. purchased during the class period listed above.
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