Sign In
Step 1
Draft
Step 2
Unite with Fellow Investors
Step 3
Choose the Best Attorney
Step 4
Provide Documents
Step 5
Follow Case Progress
Step 6
Get Payout
CBL.US
id: 671

CBL & Associates Properties (CBL) $17.5M Securities Settlement

The settlement funds have been distributed to claimants.
$17,500,000
Cash Settlement
E.D. Tennessee
Court
1:19-CV-00181
Case number
07/29/2014
Class period Start
03/26/2019
Class period End
08/14/2023
Claim deadline
CBL & Associates Properties (CBL) settles $17.5 million to end a lawsuit by investors who claim they were harmed when the company was allegedly slow to disclose a $90 million settlement with tenants over their electric bills.

Eligibility:
All persons and entities that purchased or otherwise acquired CBL Securities during the period between July 29, 2014, and March 26, 2019, may be entitled to a payout.

“CBL Securities” includes:
  1. CBL common stock (ISIN No. US1248301004; CUSIP 124830100) (“Common Shares”), and/or
  2. CBL’s 7.375% Series D Cumulative Redeemable Preferred Stock (ISIN No. US1248306052; CUSIP 124830605) (“Series D Preferred Shares”) and/or
  3. CBL’s 6.625% Series E Cumulative Redeemable Preferred Stock (ISIN No. US1248308033; CUSIP 124830803) (“Series E Preferred Shares”, and together with the Series D Preferred Shares, the “Preferred Shares”) and/or
  4. senior unsecured notes issued by CBL in November 2013, that bear interest at 5.25% and mature on December 1, 2023 (ISIN No. US12505JAA16; CUSIP 12505JAA1) (“2023 Senior Notes”), and/or
  5. senior unsecured notes issued by CBL in October 2014 that bear interest at 4.60% and mature on October 15, 2024 (ISIN No. US12505JAB98; CUSIP 12505JAB9) (“2024 Senior Notes”), and/or
  6. senior unsecured notes issued by CBL Operating in December 2016 and August 2017 that bear interest at 5.95% and mature on December 15, 2026 (ISIN No. US12505JAD54; CUSIP 12505JAD5) (“2026 Senior Notes” and, collectively, the “Senior Notes”).
Case Status
Disbursed
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Filing date
05/17/2019
Plaintiffs
Jay B. Scolnick, Mark Shaner, Charles D. Hoffman, HoffInvestCo, Lydia Hoffman
Attorneys
Abraham, Fruchter & Twersky LLP (New York, NY), Bronstein, Gewirtz & Grossman, LLC (New York, NY), Holifield Janich & Ferrera, PLLC (Knoxville, TN), Kaskela Law LLC (Newtown Square, PA), Pomerantz LLP (New York, NY), The Hamilton Firm (Chattanooga, TN)
Defendants
Charles B. Lebovitz, Stephen D. Lebovitz, Farzana Khaleel, A. Larry Chapman, Augustus N. Stephas, Don Sewell
Judge
Hon. J Ronnie Greer
Administrator
EPIQ
Court hearing date
08/21/2023
Exclusion deadline
07/31/2023
Objection deadline
07/31/2023
Trades matching type
FIFO

Trusted by industry leaders

Endorsed by top professionals who trust our innovative solutions to drive impactful results.