CBL Investors: The Wagner Firm Announces the Filing of a Securities Class Action on Behalf of CBL & Associates Properties, In...
22 July 2016 - 12:30AM
Business Wire
The Wagner Firm announces the filing of a class action
lawsuit on behalf of investors who purchased CBL & Associates
Properties, Inc. (“CBL” or the “Company”) (NYSE: CBL) securities
between August 8, 2013 and May 24, 2016, inclusive (the
“Class Period”). Injured investors are encouraged to contact Avi
Wagner, Esquire, of The Wagner Firm, at 310-201-9150 to discuss
their legal rights.
The complaint alleges that throughout the Class Period, CBL made
materially false and/or misleading statements and/or failed to
disclose material facts about the Company, including, inter alia,
that (1) certain of its employees may have provided material
non-public information to Senator Robert Corker; and (2) the
Company failed to disclose to its shareholders that certain of its
financing arrangements were obtained through fraud and/or
misrepresentation.
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.
CBL investors have until July 26, 2016 to move the Court
to appoint you as lead plaintiff if you meet certain legal
requirements. If you 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 Avi Wagner, Esquire, of The Wagner Firm,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
at (310) 491-7949, by e-mail at info@thewagnerfirm.com, or
visit our website at http://thewagnerfirm.com.
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/20160721005326/en/
The Wagner Firm, Los Angeles, CAAvi Wagner, (310)
491-7949info@thewagnerfirm.comwww.thewagnerfirm.com
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