Consolidated Tomoka Land Co.
| Company Name | Consolidated Tomoka Land Co. |
| Stock Symbol | CTO |
| Status | 1 |
The Firm is investigating potential claims on behalf of investors of Consolidated Tomoka Land Co. (“CTO” or the “Company”) (NYSE MKT: CTO) concerning the Company’s and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured CTO investors.
On November 13, 2015, Wintergreen Advisors, LLC submitted a letter to CTO informing the Company that, in the opinion of Wintergreen, it was violating federal securities laws by failing to provide forthright and complete disclosures regarding material information to the investing public. Specifically, Wintergreen alleges that “CTO’s recent public filings have not met the standards set forth in these federal securities laws and furthermore, we believe that CTO’s management, led by John Albright, is actively trying to deceive shareholders with filings, investor presentations and disclosures that obfuscate, confuse and hide what is really going on at CTO.”
On December 17, 2015, the letter was made public. As a result, on that day, CTO shares fell $4.03 per share, or 7.3%, to close at $51.20 per share.
If you purchased CTO securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to shareholders@glancylaw.com.
Submit Your Information
If you suffered a loss on your Consolidated Tomoka Land Co. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.