CBL & Associates Properties, Inc. Securities Litigation
On or around 12/23/2020 (Date of last review)
Filing Date: May 17, 2019
According to the Complaint, CBL & Associates Properties, Inc. is a real estate investment trust.
The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose in its SEC filings that 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. The Complaint alleges that Defendants completely ignored their disclosure obligation, motivated by a desire to avoid bad publicity surrounding their dishonest nature and their dishonest conduct.
On July 17, 2019, the Court issued an Order consolidating cases. This case was voluntarily dismissed on July 25. The consolidated cases continue under Docket 19-CV-00181.
On September 10, 2019, the Court issued an Order appointing co-lead Plaintiffs and Counsel. Lead Plaintiffs filed a consolidated Complaint on November 5. On November 10, the Court stayed the case following Defendant's Notice of Suggestion of Bankruptcy.
Company & Securities Information
Defendant: CBL & Associates Properties, Inc.
Industry: Other (Mutual Fund)
Headquarters: United States
Ticker Symbol: CBL
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
Laurence Paskowitz, et al. v. CBL & Associates Properties, Inc., et al.