NEW YORK, June 20, 2016 (GLOBE NEWSWIRE) -- 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: 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
