SAN DIEGO, July 12, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in Tennessee on behalf of certain purchasers of shares of CBL & Associates Properties, Inc. (NYSE:CBL) over alleged Securities Laws Violations by CBL & Associates Properties, Inc.
Investors who purchased shares of CBL & Associates Properties, Inc. (NYSE:CBL) have certain options and for certain investors are short and strict deadlines running. Deadline: July 26, 2016. NYSE:CBL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that CBL & Associates Properties, Inc. made allegedly materially false and/or misleading statements and/or allegedly failed to disclose material facts about the Company, including that certain of its employees may have provided material non-public information to Senator Robert Corker, and that CBL & Associates Properties, Inc. failed to disclose to its shareholders that certain of its financing arrangements may have been obtained through fraud and/or misrepresentation.
On May 24, 2016, it was reported that CBL & Associates Properties, Inc. is under investigation by the Federal Bureau of Investigation and the Securities and Exchange Commission. Specifically, the investigation reportedly is focused on whether CBL & Associates Properties, Inc. falsified information on financial statements to banks when applying for financial arrangements. Law-enforcement officials are reported to have spoken with former CBL & Associates Properties, Inc. employees who allege that the Company inflated its rental income and its properties' occupancy rates when reporting those figures to banks.
Those who purchased CBL & Associates Properties, Inc. (NYSE:CBL) shares should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.