April 24, 2024
Loans

Arbor Realty Trust (ABR) Tanks after Short-Seller Report


SAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Arbor Realty Trust, Inc. (NYSE: ABR) investors who suffered substantial losses to submit your losses now.

Visit: www.hbsslaw.com/investor-fraud/ABR
Contact An Attorney Now: ABR@hbsslaw.com
844-916-0895

Arbor Realty Trust, Inc. (ABR) Investigation:

“We are investigating Viceroy’s claims and determining whether Arbor may have concealed distressed deals and other assets,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

On Dec. 5, 2023, after purportedly receiving information from “whistleblowers” regarding distressed Arbor deals and underlying assets, hedge fund Viceroy released a second research report on the company entitled, “Arbor – Jacksonville Case Study.”

Viceroy’s Dec. 5 report 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.”

Viceroy’s dive into Arbor’s Jacksonville portfolio follows its initial report published on Nov. 17, 2023 entitled “Arbor Realty Trust – Slumlord Millionaires.”

In that report, Viceroy concluded: “Arbor’s high-risk multifamily bridge loans, which comprise substantially all of its asset book, are going bad fast… The end is near.”

Following the release of both reports, the price of Arbor Realty’s shares sharply fell.

If you invested in Arbor and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Arbor investigation, read more »

Whistleblowers: Persons with non-public information regarding Arbor should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ABR@hbsslaw.com.

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw

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Contact:
Reed Kathrein, 844-916-0895



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