New York, New York--(Newsfile Corp. - June 10, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Colony Capital, Inc. (NYSE: CLNY) alleging that the Company violated federal securities laws.
Class Period: August 9, 2019 and May 7, 2020
Lead Plaintiff Deadline: July 27, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that Colony Capital, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Colony's sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate's portfolio were foreseeably likely to negatively impact Colony's financial and operating results; (ii) certain of Colony's remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at a significant risk of default; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until July 27, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the CLNY lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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