LOS ANGELES–(BUSINESS WIRE)–$CBL #CLASSACTION—Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the upcoming July
16, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of CBL & Associates Properties, Inc. (“CBL &
Associates” or the “Company”) (NYSE: CBL)
investors who purchased securities between November 8, 2017 and
March 26, 2019, inclusive (the “Class Period”).
If you are a shareholder who suffered a loss, click here to
participate.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.
On March 26, 2019, the Company disclosed that it had settled for $90
million a class action suit alleging that CBL & Associates overcharged
its tenants for electricity.
On this news, the Company’s share price fell $0.47, nearly 25%, to close
at $1.44 per share on March 27, 2019, thereby injuring investors.
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) the Company was the
target of a class action suit that could result in tens of millions or
even hundreds of millions of dollars in liability; and (2) as a result,
the Company’s public statements were materially false and misleading at
all relevant times.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased or otherwise acquired CBL & Associates securities
during the Class Period you may move the Court no later than July
16, 2019 to request appointment as lead plaintiff in this putative
class action lawsuit. To be a member of the class action you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the class action. If you
wish to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
the pending class action lawsuit, 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 [email protected],
or visit our website at 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.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
