FBRT DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Franklin BSP Realty Trust (FBRT) Investors of Securities Class Action Deadline on April 27, 2026

NEW YORK--(BUSINESS WIRE)--Feb 26, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Franklin BSP Realty Trust, Inc. (“Franklin” or the “Company”) (NYSE: FBRT) and reminds investors of the April 27, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants recklessly overstated Franklin BSP Realty Trust’s prospects; (2) Defendants recklessly overstated Franklin BSP Realty Trust’s ability to maintain the $0.355 dividend; and (3) as a result, Defendants’ statements about Franklin BSP Realty Trust’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On February 11, 2026, Franklin announced its financial results for fourth quarter and full year 2025. Among other items, Franklin reported fourth quarter earnings per share of only $0.12, missing consensus estimates by $0.16, and revenue of only $81.12 million, compared to the consensus estimate of $93.65 million. In a press release, Franklin’s Chief Executive Officer said that “2025 was a year of transition” and that “it has taken longer to resolve and sell” certain real estate assets “than we originally planned.”

On this news, Franklin’s stock price fell $1.44 per share, or 14.19%, to close at $8.71 per share on February 12, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Franklin’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Franklin BSP Realty Trust class action, go to www.faruqilaw.com/FBRT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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FBRT DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Franklin BSP Realty Trust (FBRT) Investors of Securities Class Action Deadline on April 27, 2026

WASHINGTON (AP) — A federal judge said Thursday that the IRS broke the law by disclosing confidential taxpayer information “approximately 42,695 times" to Immigration and Customs Enforcement.

U.S. District Judge Colleen Kollar-Kotelly found that the IRS had erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security as part of the agencies’ controversial agreement to share information on immigrants for the purpose of identifying and deporting people illegally in the U.S.

Her finding was based off a declaration filed earlier this month by Dottie Romo, IRS’ chief risk and control officer, which revealed that the IRS had provided DHS with information on 47,000 of the 1.28 million people that ICE requested — and, in most of those cases, gave ICE additional address information in violation of privacy rules created to protect taxpayer data.

Kollar-Kotelly said in her Thursday decision that the agency violated IRS Code 6103, one of the strictest confidentiality laws in federal statute, “approximately 42,695 times by disclosing last known taxpayer addresses to ICE.” She called the Romo declaration “a significant development in this case.”

“The IRS not only failed to ensure that ICE’s request for confidential taxpayer address information met the statutory requirements, but this failure led the IRS to disclose confidential taxpayer addresses to ICE in situations where ICE’s request for that information was patently deficient," she wrote.

The government is appealing the case, but the Thursday ruling is significant because Romo's declaration supports the decision on appeal.

Nina Olson, founder of the Center for Taxpayer Rights, which has sued the government over the disclosure, says “this confirms what we’ve been saying all along: that the IRS has an unlawful policy that violates the Internal Revenue Code’s protections by releasing these addresses in a way that violates the law’s requirements.”

Representatives from the IRS and Treasury Department did not respond to Associated Press requests for comment.

A data-sharing agreement signed last April by Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem allows ICE to submit names and addresses of immigrants inside the U.S. illegally to the IRS for cross-verification against tax records. The deal led the then-acting commissioner of the IRS to resign.

There are several ongoing cases that challenge the IRS-DHS agreement.

Earlier this week, a three-judge panel for the U.S. Court of Appeals for the D.C. Circuit declined to issue a preliminary injunction for the immigrants’ rights group, Centro de Trabajadores Unidos, and other nonprofits that are suing the federal government to stop implementation of the agreement.

In declining the preliminary injunction request, Judge Harry T. Edwards wrote that the nonprofit groups “are unlikely to succeed on the merits of their claim,” since the information the agencies are sharing isn’t covered by the IRS privacy statute.

Still, two separate court orders have blocked the agencies from massive transfers of taxpayer information and blocked ICE from acting upon any IRS data in its possession. Those preliminary injunctions are still in place.

FILE - The Internal Revenue Service 1040 tax form for 2022 is seen on April 17, 2023. (AP Photo/Jon Elswick, File)