San Diego, CA -- (SBWire) -- 10/27/2016 --An investigation on behalf of investors in shares of CBL & Associates Properties, Inc. (NYSE:CBL) was announced concerning potential breaches of fiduciary duties by certain directors.
Investors who purchased shares of CBL & Associates Properties, Inc. (NYSE:CBL) shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain CBL & Associates Properties directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 the 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.
On May 27, 2016, a lawsuit was filed against CBL & Associates Properties, Inc. (NYSE:CBL) over alleged securities laws violations. The plaintiff claims that between August 8, 2013 and May 24, 2016 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.
Those who purchased shares of CBL & Associates Properties, Inc. 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
Investigation for Investors in NYSE:CBL Shares over Potential Wrongdoing at CBL & Associates Properties, Inc. Announced
An investigation on behalf of investors in CBL & Associates Properties, Inc. (NYSE:CBL) shares over potential wrongdoing at CBL & Associates Properties was announced and NYSE:CBL stockholders should contact the Shareholders Foundation.