NEW YORK, Aug. 26, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of W. P. Carey Inc. (“W. P. Carey” or the “Company”) (NYSE: WPC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether W. P. Carey and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On July 30, 2024, W.P. Carey issued a press release announcing its financial results for the second quarter of 2024. Among other items, the Company lowered its guidance for Adjusted Funds from Operations (“AFFO”) by $0.02, citing “two larger-sized transactions that recently fell out of our pipeline.”
On this news, W.P. Carey’s stock price fell $2.99 per share, or 4.92%, to close at $57.81 per share on July 31, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP