CBL & Associates Properties Inc. Common Stock (NYSE: CBL)
According to the Complaint, CBL & Associates Properties, Inc. is a real estate investment trust.
The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose in its SEC filings that the Company was the target of a class action suit that could result in tens of millions or even hundreds of millions of dollars in liability. The Complaint alleges that Defendants completely ignored their disclosure obligation, motivated by a desire to avoid bad publicity surrounding their dishonest nature and their dishonest conduct.