Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against CBL & Associates Properties, Inc. (C...
May 31 2016 - 4:30PM
Business Wire
Bragar Eagel & Squire, P.C. announces that a class action
lawsuit has been filed in the United States District Court for the
Eastern District of Tennessee on behalf of all persons or entities
who acquired CBL & Associates Properties, Inc. (NYSE:CBL)
securities between August 8, 2013 and May 24, 2016 (the “Class
Period”).
According to the lawsuit, throughout the Class Period, CBL made
materially false and/or misleading statements and/or failed to
disclose material facts about the company, including 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 may have been obtained through fraud and/or
misrepresentation.
According to news reports published on May 24, 2016, CBL is
being investigated by both the FBI and SEC for inflating rental
income and occupancy rates for its properties when providing those
figures to banks in financing applications. On this news, CBL’s
stock declined nearly 9% on May 25, 2016.
If you acquired CBL securities during the Class Period, 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 J. Brandon
Walker, Esq. by email at investigations@bespc.com, or telephone at
(212) 355-4648, or by filling out this contact form. There is no
cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm
concentrating in commercial and securities litigation. For
additional information, please go to www.bespc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160531006482/en/
Bragar Eagel & Squire, P.C.J. Brandon Walker, Esq.,
212-355-4648investigations@bespc.com
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