Securities Arbitration Lawyers BlogCBL & Associates Properties, Inc. (CBL) Subject Of A Class Action Lawsuit
CBL & Associates Properties, Inc. (CBL), a publicly-traded real estate investment trust that invests in shopping centers, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.
CBL Class Period And Lead Plaintiff Deadline
Investors who purchased shares of CBL between November 8, 2017 and March 26, 2019 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws.
The deadline to apply to the court to be appointed as lead plaintiff, also called class representative, is July 16, 2019.
The lawsuit alleges that CBL made false and/or misleading statements when it failed to disclose that the company was the subject of a class action suit that could cost it millions of dollars.
On March 1, 2019, CBL disclosed that class certification was granted regarding allegations that the company had overcharged its mall tenants for electricity. That day, CBL’s stock closed down 7.5%.
On March 26, 2019, CBL revealed that it settled the case and would be required to set aside a fund worth $90 million. That day, the company’s stock closed down 24.61%, causing significant damages to shareholders.
Recovering Money Lost With CBL & Associates Properties, Inc. (CBL) Stock
If you suffered losses with CBL, you may be able to recover some of your losses by participating in the lawsuit.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. Scott Silver is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.