According to news reports published on May 24, 2016, CBL is being investigated by both the FBI and SEC for inflating rental income and occupancy rates for its properties when providing those figures to banks in financing applications. On this news, CBL's stock declined nearly 9% on May 25, 2016.
If you wish to serve as a lead plaintiff, you must move the Court no later than July 26, 2016. As a member of the class, you may seek to file a motion to serve as a lead plaintiff or take no action and remain an absent class member. To learn more about your options or if you have any questions about the litigation, please contact Bradley Vettraino at (617) 398-5600 or email him at firstname.lastname@example.org.
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Block & Leviton LLP is a securities litigation firm representing investors nationwide. The firm represents a number of the nation's largest institutional investors, has offices in Boston and the Bay Area and has recovered more than a billion dollars for its clients.
The case, filed May 27, 2016, is pending in the United States District Court for the Eastern District of Tennessee and is captioned French v. CBL & Associates Properties, Inc., et al., Ca. No. 1:16-cv-00165. The judge is yet to be assigned. The court is located at 220 W Depot St. #200, Greeneville, Tennessee.
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SOURCE Block & Leviton LLP