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Colony NorthStar, Inc.

Case Summary

Colony NorthStar, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 03/25/2020 (Other)

Filing Date: April 06, 2018

According to the Complaint, Colony NorthStar 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. 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, 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.

Company & Securities Information

Defendant: Colony NorthStar, Inc.

COMPANY INFORMATION:

Sector: Financial
Industry: Other (Mutual Fund)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CLNS
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Brian Barry, et al. v. Colony NorthStar, Inc., et al.

COURT: C.D. California
DOCKET #: 18-CV-02888
JUDGE: Hon. George H. Wu
DATE FILED: 04/06/2018
CLASS PERIOD START: 02/28/2017
CLASS PERIOD END: 03/01/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
  2. The Rosen Law Firm, P.A. (New Los Angeles)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 04/06/2018
2 U.S. District Court Civil Docket 07/18/2018
3 Order Granting Motion for Appointment as Lead Plaintiff and Approval of Lead Plaintiff's Selection of Lead Counsel 07/18/2018

Reference Complaint

Teamsters Local 710 Pension Fund, et al. v. Colony NorthStar, Inc., et al.

COURT: C.D. California
DOCKET #: 18-CV-02888
JUDGE: Hon. George H. Wu
DATE FILED: 09/16/2019
CLASS PERIOD START: 02/28/2017
CLASS PERIOD END: 03/01/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (San Diego)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Complaint for Violations of the Federal Securities Laws 08/17/2018
2 Proceedings: Defendants' Motion to Dismiss Consolidated Amended Complaint [51] 01/24/2019
3 Second Amended Complaint for Violations of the Federal Securities Laws 03/11/2019
4 Proceedings: Defendants' Motion to Dismiss Second Amended Complaint [62] 08/01/2019
5 Third Amended Complaint for Violations of the Federal Securities Laws 09/16/2019
6 In Chambers - Ruling on Defendants' Motion to Dismiss Third Amended Complaint [82] 02/21/2020
7 U.S. District Court Civil Docket 03/25/2020
8 Final Judgment Pursuant to Federal Rule of Civil Procedure 58 03/25/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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