CBL & Associates Properties, Inc.
| Company Name | CBL & Associates Properties, Inc. |
| Stock Symbol | CBL |
| Class Period | November 08, 2017 to March 26, 2019 |
| Lead Plaintiff Motion Deadline | July 16, 2019 |
On March 26, 2019, the Company disclosed that it had settled for $90 million a class action suit alleging that CBL & Associates overcharged its tenants for electricity.
On this news, the Company’s share price fell $0.47, nearly 25%, to close at $1.44 per share on March 27, 2019, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) 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; and (2) as a result, the Company’s public statements were materially false and misleading at all relevant times.
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If you suffered a loss on your CBL & Associates Properties, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.