LOS ANGELES, CA / ACCESSWIRE / July 6, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Colony Capital, Inc. ("Colony" or "the Company") (NYSE:CLNY) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between August 9, 2019 and May 7, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before July 27, 2020.If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Colony's sale of its real estate portfolio and the splitting apart of Colony Credit Real Estate's portfolio were likely to negatively impact the Company's financial results. The Company's remaining portfolio companies carried unsustainably high levels of debt secured by healthcare and hotel properties and were at a significant risk of default. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Colony, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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