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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CBL and Associates Properties Inc | NYSE:CBL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.44 | 1.73% | 25.93 | 25.93 | 25.60 | 25.67 | 17,604 | 16:04:52 |
Law Offices of Howard G. Smith announces an investigation on behalf of investors of CBL & Associates Properties, Inc. (“CBL” or the “Company”) (NYSE: CBL) concerning the Company and its officers’ possible violations of federal securities laws.
On May 24, 2016, after the market close, the Wall Street Journal (“WSJ”) reported that the FBI and SEC are investigating whether CBL officials falsified info on financial statements to banks when applying for financial arrangements. According to the WSJ the Company allegedly inflated its rental income and occupancy rates when reporting these figures.
On this news, CBL shares fell $1.26 per share, or nearly 13%, during intraday trading on May 25, 2016.
If you purchased CBL 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 e-mail to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160526005298/en/
Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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