If you have held Sun Communities shares continuously since prior to February 28, 2019, you may have standing to seek corporate governance reforms focused on executive oversight at Sun Communities.

Join the investigation now:

or contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471.

Complaint Allegations
A previously filed securities class action complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose material information concerning the independence of Sun Communities’ Board of Directors, related-party transactions, and the Company’s internal controls and financial disclosures. Specifically, the complaint alleges that Defendants failed to disclose: (1) relationships and financial transactions involving the Company’s chief executive officer, certain directors, and their families; (2) an alleged $4 million loan to the chief executive officer from the family of a director who served on the Audit Committee and chaired the Compensation Committee; (3) additional alleged loans, insider transactions, and other related-party dealings; and (4) that, as a result, Defendants’ statements concerning the independence and integrity of the Board, the Company’s governance practices, and its internal controls were materially misleading and/or lacked a reasonable basis.