According to the Complaint, Colony NorthStar, Inc. is a global real estate and investment management firm.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Colony NorthStar’s Healthcare and Investment Management segments were performing worse than reported; and (2) as a result, Colony NorthStar’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On July 18, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on August 17. Defendants filed a Motion to Dismiss the amended Complaint on October 8. On January 24, 2019, the Court granted Defendants' Motion to Dismiss. Lead Plaintiff was given leave to amend the Complaint.

Lead Plaintiff filed a second amended Complaint on March 11, 2019. Defendants filed a Motion to Dismiss the second amended Complaint on April 17. On August 1, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

On September 16, 2019, Lead Plaintiff filed a third amended Complaint. Defendants filed a Motion to Dismiss the third amended Complaint on October 16. On February 21, 2020, the Court issued an Order granting Defendants' Motion to Dismiss and dismissed the case with prejudice.