Colony Capital, Inc.
Join Class Action »
Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Colony Capital, Inc. (NYSE: CLNY) from August 9, 2019 through May 7, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Colony Capital, Inc. investors under the federal securities laws.
If you bought Colony Capital, Inc. securities between August 9, 2019 through May 7, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law a Securities Class Action Lawsuit Against Colony Capital, Inc. – CLNY
New York, N.Y., July 23, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Colony Capital, Inc. (NYSE: CLNY) between August 9, 2019 and May 7, 2020, inclusive (the “Class Period”).
To join the CLNY class action, go to http://zhanginvestorlaw.com/cases/colony-capital-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, throughout the Class Period (1) 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; (2) certain of Colony’s remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at significant risk of default; and (3) as a result, Colony’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/colony-capital-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.