BOSTON, May 25, 2016 /PRNewswire/ -- Block & Leviton LLP (blockesq.com) is investigating whether CBL & Associates Properties, Inc. ("CBL" or the "Company") (NYSE: CBL) and certain of its officers and directors have violated Federal Securities laws following a report that both the Federal Bureau of Investigation and the Securities and Exchange Commission are investigating CBL for accounting fraud.
According to news reports, CBL is being investigated for inflating rental income and occupancy rates for its properties when providing those figures to banks when applying for financing. CBL's stock declined 13% on the news in pre-market trading on May 25, 2016.
Block & Leviton LLP is a securities litigation firm representing investors nationwide including many large institutional investors. 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.
If you purchased or otherwise acquired CBL securities on or before May 24, 2016 and have questions about your legal rights or possess information relevant to this investigation, please contact Bradley Vettraino at (617) 398-5600 or email him at firstname.lastname@example.org.
Confidentiality to whistleblowers or others with relevant information is assured.
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Contact: BLOCK & LEVITON LLP
Bradley J. Vettraino
155 Federal St
Boston MA 02110
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SOURCE Block & Leviton LLP