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INVESTOR ALERT: Kaskela Law LLC Announces Expanded Class Period in Shareholder Class Action Against Farmland Partners Inc. and Encourages Investors to Contact the Firm

Kaskela Law via Globe Newswire 02:46 GMT Sunday 19th August 2018

RADNOR, Pa., Aug. 18, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Farmland Partners Inc. (NYSE: FPI) (NYSE: FPI-PB) (“Farmland” or the “Company”) on behalf of investors who purchased the Company’s securities , inclusive (the “Class Period”).On July 11, 2018, Rota Fortunae published an online report alleging that Farmland artificially increased revenues “by making loans to related-party tenants who round-trip the cash back to FPI as rent.”  The report further detailed that “[w]e found evidence that strongly supports [Farmland] has significantly overpaid for properties; under normal circumstances, we estimate [Farmland] is worth $4.85/share, but we think the shares are un-investible.”  Additionally, the report stated that Farmland has “neglected to disclose that the majority of its loans have been made to two members of the management team.”  The shareholder class action complaint all...

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