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Case Status:    ONGOING    
On or around 09/28/2020 (Date of last review)

Filing Date: May 26, 2020

According to the Complaint, Colony Capital, Inc. is a leading global investment management firm with assets under management of $55 billion. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, and traded and non-traded real estate investment trusts.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Colony’s sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate’s portfolio were foreseeably likely to negatively impact Colony’s financial and operating results; (ii) certain of Colony’s remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at significant risk of default; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On September 9, 2020, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on September 14.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: CLNY
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.
COURT: C.D. California
DOCKET #: 20-CV-04673
JUDGE: Hon. R. Gary Klausner
DATE FILED: 05/26/2020
CLASS PERIOD START: 08/09/2019
CLASS PERIOD END: 05/07/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 20-CV-04673
JUDGE: Hon. R. Gary Klausner
DATE FILED: 09/14/2020
CLASS PERIOD START: 08/09/2019
CLASS PERIOD END: 05/07/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein & Krinsk LLP
  2. Glancy Prongay & Murray LLP
No Document Title Filing Date
—Related District Court Filings Data is not available