SAN DIEGO, Oct. 2, 2019 /PRNewswire/ -- Johnson Fistel,
LLP is investigating potential claims on behalf of CBL &
Associates Properties, Inc. (NYSE: CBL) ("CBL" or the
"Company") against certain of its officers and directors.
Specifically, a class action lawsuit was filed in federal court
earlier this year against the Company on behalf of purchasers of
the securities of CBL from July 29,
2014 and March 26, 2019, (the
"Class Period"). According to the lawsuit, defendants throughout
the Class Period made false and/or misleading statements and/or
failed to disclose that: (1) CBL was the target of a class action
suit that could result in tens of millions or even hundreds of
millions of dollars in liability; (2) CBL, motivated by a desire to
avoid bad publicity surrounding its dishonest nature and its
dishonest conduct, completely ignored its disclosure obligations;
and (3) as a result, CBL'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.
If you are a current, long-term shareholder of CBL, holding
shares before July 29, 2014, you
may have standing to hold CBL harmless from the alleged harm caused
by the officers and directors of the Company by making them
personally responsible. You may also be able to assist in reforming
the Company's corporate governance to prevent future
wrongdoing.
If you are interested in learning more about your legal rights
and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, if you have held CBL stock since before
July 29, 2014, you can [Click here to
join this action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP