Glancy Prongay & Murray LLP Commences Investigation on Behalf of Consolidated Tomoka Land Co. Investors

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) 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 [email protected], or visit our website at http://www.glancylaw.com. If you inquire by e-mail please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151217006645/en/

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

You May Also Be Interested In

• InterContinental Hotels Group PLC Announces Transaction in Own Shares - April 16
• Annual Financial Report
• Flash News: OKX's X Layer Now Integrated with OKX's Web3 Wallet