Urgent Investor Alert: CTO Realty Growth Faces Class Action Lawsuit Over Alleged Misleading Acquisition Claims

Faruqi & Faruqi, LLP, a leading national securities law firm, is sounding the alarm for investors of CTO Realty Growth, Inc. (NYSE: CTO). A pivotal class action lawsuit is currently underway, and a crucial deadline is fast approaching for those who have invested in the real estate giant. If you purchased CTO shares between October 2, 2023, and July 26, 2024, your opportunity to potentially recover losses and influence the outcome of this significant legal battle is quickly narrowing.

The lawsuit alleges that CTO Realty Growth, Inc.

engaged in a troubling pattern of materially false and misleading statements, or, critically, failed to disclose adverse information concerning its high-profile acquisition of Alpine Income Property Trust (NYSE: PINE). Investors were reportedly led to believe that this strategic move would forge a "leading diversified net lease REIT" and unleash "significant value creation" for shareholders.

However, the lawsuit paints a starkly different picture.

It claims that CTO's rosy projections masked a darker truth: the acquisition of PINE was, in fact, structured primarily to benefit company insiders, rather than genuinely serving the best interests of its loyal shareholders. Such alleged misrepresentations would have artificially inflated CTO's financial performance and caused its stock to trade at unmerited prices, leaving investors vulnerable to substantial losses.

This is not merely a technical legal proceeding; it represents a fundamental challenge to corporate transparency and investor trust.

Faruqi & Faruqi emphasizes the gravity of the situation, urging affected shareholders to recognize their rights and the potential for collective action. The firm, known for its rigorous pursuit of justice on behalf of investors, highlights that a lead plaintiff plays a vital role in steering the direction of the litigation, making decisions that can profoundly impact the entire class of affected shareholders.

The absolute deadline to file for lead plaintiff status is November 25, 2024.

Missing this date could mean relinquishing your ability to directly influence the lawsuit's strategy and potentially diminish your chances of maximizing recovery. Faruqi & Faruqi is actively investigating these claims and encourages any CTO investor who suffered losses during the specified period to come forward.

They offer experienced legal counsel to help investors understand their options and navigate the complexities of securities litigation.

Protecting your investment and holding companies accountable for their representations is paramount. This class action serves as a crucial mechanism for investors to seek redress and ensure corporate integrity.

If you are a CTO investor impacted by these allegations, we strongly advise you to contact Faruqi & Faruqi, LLP immediately to discuss your rights and the steps you can take before the looming deadline.