Lead Plaintiff Appointed in Sun Communities Class Action

Court: E.D. Michigan

Case: 2:24-cv-13314

Lead Plaintiff has been appointed to represent investors in the class action against Sun Communities.

What is this lawsuit about?

On September 24, 2024, Blue Orca Capital reported that Sun Communities failed to disclose a $3.95 million insider mortgage to CEO Gary A. Shiffman, issued by a trust linked to board member Brian Hermelin’s family. The report also revealed additional undisclosed insider loans and raised serious concerns over Sun’s governance and board independence.

Following this, SUI dropped 1.16%.

Then, on December 12, 2024, shareholders filed a claim against Sun Communities.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify SUI investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.