“This case is very simple,” Donahue said in a statement. “Arbor Realty Trust is one of the largest multifamily housing landlords in the United States. However, in becoming a landlord on that scale, it has created a conflict of interest for itself. It has duties to its shareholders and it has duties to its tenants. As a publicly traded company, Arbor needs to ensure profits for their shareholders. But above all, they need to provide safe homes for their tenants. Arbor has violated their duties to their tenants — our clients — because in the end, the profits for the shareholders were more important. That is what this case is all about.”

 

Excerpt from https://www.courthousenews.com/ 

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