General Growth Properties, Inc. ("General Growth" or the Company) is an American commercial real estate company that primarily operates shopping malls.

According to an October 31, 2008, press release, the Complaint alleges that during the Class Period, Defendants made false and misleading statements about General Growth’s access to financing. Specifically, Defendants represented that the Company had the ability to refinance billions of dollars in debt that was coming due in the fall of 2008 and spring of 2009 on acceptable terms. In fact, the Company did not have access to such financing. Further, Defendants failed to disclose that the Company’s President/Chief Operating Officer and its Chief Financial Officer had received loans from the Chief Executive Officer’s family trust in violation of the Company’s own Code of Business Conduct and Ethics.

On September 22, 2008, the Company announced that it was pursuing a comprehensive evaluation of its financial and strategic alternatives. On October 3, 2008, the Company suspended its dividend and then, on October 27, 2008, announced it was marketing for sale its portfolio of retail properties in Las Vegas. On this series of disclosures, General Growth’s stock price collapsed, falling from $21.42 on September 19, 2008 to less than $2.00 per share on October 27, 2008, or nearly 95% from its Class Period high of $43.83 per share.

On April 07, 2009, in accordance with this Court's oral ruling, this action was hereby dismissed without prejudice and the civil case was terminated.