San Diego, CA -- (SBWire) -- 09/10/2020 --Colony Credit Real Estate, Inc. is under investigation concerning potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Colony Credit Real Estate, Inc. (NYSE: CLNC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Colony Credit Real Estate, Inc. (NYSE: CLNC) concerning whether a series of statements by Colony Credit Real Estate, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Los Angeles, CA based Colony Credit Real Estate, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States.
On or about February 1, 2018, Colony Credit Real Estate, Inc issued a Registration Statement and Prospectus in connection with the combination of Colony NorthStar, Inc., NorthStar Real Estate Income Trust, Inc., and NorthStar Real Estate Income II, Inc. (the "Merger").
Then, on August 8, 2019, Colony Credit Real Estate, Inc issued a press release to report its second-quarter 2019 financial results, in which it reported a $119 million provision for loan losses.
Additionally, on November 8, 2019, Colony Credit Real Estate, Inc announced a portfolio bifurcation of certain assets and disclosed a $127 million provision for loan losses.
Shares of Colony Credit Real Estate, Inc. (NYSE: CLNC) declined from $23.23 per share in September 2018 to as low as $2.46 per share on March 23, 2020.
Those who purchased shares of Colony Credit Real Estate, Inc. (NYSE: CLNC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Colony Credit Real Estate, Inc. (NYSE:CLNC) Investor Notice: Investigation over Possible Violations of Securities Laws
An investigation for investors in Colony Credit Real Estate, Inc. (NYSE:CLNC) shares over potential securities laws violations by Colony Credit Real Estate, Inc. was announced.