NEW YORK--(BUSINESS WIRE)--Roy Jacobs & Associates announces that it has filed a class action lawsuit on behalf of shareholders who purchased the securities of CBL & Associates Properties, Inc (“CBL” or the “Company”) (“CBL”) during the period November 8, 2017 through March 26, 2019, inclusive (the “Class Period”). The action seeks to seeking to recover damages caused by defendants’ violations of the federal securities laws.
The allegations of the Complaint allege that the Company and certain executives (the “Defendants”) made false statements and failed to disclose in its SEC filings that the Company was the target of a class action suit by its mall tenants that could result in tens of millions or even hundreds of millions of dollars in liability. Defendants knew that CBL had no defense to the suit by the mall tenants. When the truth was revealed, CBL shares materially declined in price, injuring Plaintiff and the other members of the proposed Class.
Investors who purchased or otherwise acquired the securities of CBL during the Class Period should contact the Firm at your earliest opportunity.
If you wish to discuss your rights or interests regarding this class action, please contact Roy L. Jacobs Esq. toll-free at 888-609-0503 or via e-mail at email@example.com