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.

On April 19, 2023, the parties entered into a Stipulation and Agreement of Settlement. The Court granted preliminary approval of the Settlement on April 24. On August 23, the Court granted final approval of the Settlement, including an award of Attorneys’ Fees and Expenses, and entered Final Judgment.

On March 1, 2024, the Court granted authorization to distribute the net Settlement fund.