Glancy Prongay & Murray Commences Investigation on Behalf of CBL & Associates Properties, Inc. Investors
26 May 2016 - 1:53AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of investors of CBL & Associates
Properties, Inc. (“CBL” or the “Company”) (NYSE: CBL) concerning
the Company and its officers’ possible violations of federal
securities laws. GPM is preparing a lawsuit on behalf of injured
investors.
On May 24, 2016, after the market close, the Wall Street Journal
(“WSJ”) reported that the FBI and SEC are investigating whether CBL
officials falsified info on financial statements to banks when
applying for financial arrangements. According to the WSJ the
Company allegedly inflated its rental income and occupancy rates
when reporting these figures.
On this news, CBL shares fell $1.26 per share, or nearly 13%,
during intraday trading on May 25, 2016.
If you purchased CBL securities, have information or would like
to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160525006113/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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