INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Colony Capital, Inc. Investors

BENSALEM, Pa.--()--Law Offices of Howard G. Smith announces an investigation on behalf of Colony Capital, Inc. (“Colony Capital” or the “Company”) (NYSE: CLNY) investors concerning the Company and its officers’ possible violations of federal securities laws.

On November 8, 2019, before the market opened, Colony Capital reported a net loss of $555 million, or $1.15 per share, for third quarter 2019, which “notably included reductions of goodwill, impairments of real estate and provision for loan losses totaling $540.3 million.” Of this amount, “$387.0 million was attributable to the reduction of goodwill primarily as a result of the pending sale of the Company’s industrial investment management business and related real estate portfolio, and the decrease in management fees from Colony Credit Real Estate, Inc… resulting from impairments related to its portfolio bifurcation.”

On this news, the Company’s stock price fell $0.48 per share, or nearly 9%, to close at $5.00 per share on November 8, 2019, thereby injuring investors.

If you purchased Colony Capital securities, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Release Summary

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Colony Capital, Inc. Investors

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Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com