Colony Capital, Inc. ("Colony"), a REIT, is a global investment firm with a focus on real estate.

According to the Complaint, it is alleged that the Merger Consideration and the Proposed Transaction are fundamentally unfair to Plaintiff and the other common shareholders of Colony. It is alleged the Board has agreed to a deal where Colony shareholders receive no premium for their shares and end up with a diluted ownership stake in a combined company that will be dragged down by the recent financial and corporate governance problems that have plagued the NorthStar entities.

On June 30, 2017, the parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on July 10. On November 29, the Court entered Final Judgment.