NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of CBL & Associates Properties Inc. (NYSE:CBL) resulting from allegations that CBL may have issued materially misleading business information to the investing public.
On or before May 24, 2016, The Wall Street Journal published an article stating, among other things, that CBL is under investigation by the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission for accounting fraud. Specifically, the investigation is probing whether the “company falsified information on financial statements to banks when applying for financing arrangements”. The article also reported that former CBL employees allege that CBL “inflated its rental income and its properties’ occupancy rates when reporting those figures to banks”. On this news, shares of CBL fell sharply during intraday trading on May 25, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by CBL investors. If you purchased shares of CBL on or before May 24, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-900.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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