SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

June 07, 2016 10:16 ET

INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of CBL & Associates Properties, Inc. of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 26, 2016 -- CBL

NEW YORK, NY--(Marketwired - June 07, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of CBL & Associates Properties, Inc. ("CBL") (NYSE: CBL) between August 8, 2013 and May 24, 2016.

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Eastern District of Tennessee. If you purchased or otherwise acquired CBL securities between August 8, 2013 and May 24, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/cbl-associates.

The complaint alleges that defendants violated the Securities Exchange Act of 1934 by virtue of their failure to disclose during the Class Period that certain of the Company's employees may have provided material non-public information to Senator Robert Corker, and that certain of its financing arrangements were obtained through fraud and/or misrepresentation.

On May 24, 2016, after the market close, the Wall Street Journal reported that the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission are investigating whether CBL officials falsified information on financial statements to banks when applying for financial arrangements. According to the Wall Street Journal, the Company allegedly inflated its rental income and occupancy rates when reporting these figures.

If you suffered a loss in CBL you have until July 26, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/cbl-associates.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com