NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Tennessee on behalf of all persons or entities who acquired CBL & Associates Properties, Inc. (NYSE:CBL) securities between August 8, 2013 and May 24, 2016 (the “Class Period”).
According to the lawsuit, throughout the Class Period, CBL made materially false and/or misleading statements and/or failed to disclose material facts about the company, including that (1) certain of its employees may have provided material non-public information to Senator Robert Corker; and (2) the company failed to disclose to its shareholders that certain of its financing arrangements may have been obtained through fraud and/or misrepresentation.
According to news reports published on May 24, 2016, CBL is being investigated by both the FBI and SEC for inflating rental income and occupancy rates for its properties when providing those figures to banks in financing applications. On this news, CBL’s stock declined nearly 9% on May 25, 2016.
If you acquired CBL securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact J. Brandon Walker, Esq. by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.