Colony NorthStar Inc

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Colony NorthStar Inc
Stock Symbol : NYSE: CLNS
Class Period Start: 02/28/2017
Class Period End: 03/01/2018
Lead Plaintiff motion: 06/05/2018
Date Filed: 04/06/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Central District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 5, 2018 lead plaintiff deadline in a class action lawsuit filed against Colony NorthStar Inc (NYSE: CLNS) (“Colony” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Colony NorthStar Inc securities between February 28, 2017 and March 1, 2018, have until June 5, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Colony NorthStar Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Colony NorthStar’s Healthcare and Investment Management segments were performing worse than reported; and as a result, Colony NorthStar’s public statements were materially false and misleading at all relevant times.

On March 1, 2018, the Company announced disappointing financial results for fourth quarter and full year ended December 31, 2017. In addition, Colony revealed “a $375 million write-down of goodwill and intangibles” related to the Company’s “retail investment management business.”

Following this news, NYSE: CLNS fell $1.78 per share or over 22% to close at $6.00 per share on March 1, 2018.

If you were negatively impacted by your investment in Colony NorthStar Inc securities between February 28, 2017 and March 1, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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