Lundin Law PC announces a class action lawsuit has been filed against CBL & Associates Properties Inc. ("CBL & Associates" or the "Company") (CBL) concerning possible violations of federal securities laws between August 8, 2013 and May 24, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the July 26, 2016, lead plaintiff motion deadline.
To participate or for more information, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, the Company made materially false and misleading statements and/or failed to disclose that: some of its employees may have provided material non-public information to Senator Robert Corker; CBL failed to disclose to its shareholders that certain of its financing arrangements may have been obtained through fraud; and as a result of the above, the company’s public statements were materially false and misleading at all relevant times. On May 24, 2016 the Wall Street Journal reported that the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission were investigating whether CBL officials inflated rental income information on financial statements to banks when applying for financial arrangements. When this news was released, CBL’s stock price fell sharply.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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/20160629006551/en/
Contacts:
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
