BENSALEM, Pa.–(BUSINESS WIRE)–$CBL #classaction–Law Offices of Howard G. Smith reminds investors of the upcoming July
16, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased CBL & Associates
Properties, Inc. (“CBL & Associates” or the “Company”) (NYSE: CBL)
securities between November 8, 2017 and March 26, 2019, inclusive
(the “Class Period”).
Investors suffering losses on their CBL & Associates investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to [email protected].
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.
If you purchased shares of CBL & Associates during the Class Period you
may move the Court no later than July 16, 2019 to ask
the Court to appoint you as lead plaintiff if you meet certain legal
requirements. 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
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020, by telephone at 215-638-4847, toll-free at 888-638-4847, or by
email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.