Roy Jacobs & Associates Files Class Action on Behalf of Shareholders of CBL & Associates Properties, Inc (CBL)
May 31 2019 - 12:00PM
Business Wire
Roy Jacobs & Associates announces that it has filed a class
action lawsuit on behalf of shareholders who purchased the
securities of CBL & Associates Properties, Inc (“CBL” or the
“Company”) (“CBL”) during the period November 8, 2017 through March
26, 2019, inclusive (the “Class Period”). The action seeks to
seeking to recover damages caused by defendants’ violations of the
federal securities laws.
The allegations of the Complaint allege that the Company and
certain executives (the “Defendants”) made false statements and
failed to disclose in its SEC filings that the Company was the
target of a class action suit by its mall tenants that could result
in tens of millions or even hundreds of millions of dollars in
liability. Defendants knew that CBL had no defense to the suit by
the mall tenants. When the truth was revealed, CBL shares
materially declined in price, injuring Plaintiff and the other
members of the proposed Class.
Investors who purchased or otherwise acquired the securities of
CBL during the Class Period should contact the Firm at your
earliest opportunity.
If you wish to discuss your rights or interests regarding this
class action, please contact Roy L. Jacobs Esq. toll-free at
888-609-0503 or via e-mail at rjacobs@jacobsclasslaw.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190531005264/en/
Roy L. Jacobs, Esq.ROY JACOBS & ASSOCIATES1-888-609-0503
(toll-free)rjacobs@jacobsclasslaw.com
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