NEW YORK–(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 [email protected]
Contacts
Roy L. Jacobs, Esq.
ROY JACOBS & ASSOCIATES
1-888-609-0503
(toll-free)
[email protected]
