CBL & Associates Properties Investment Losses
Have you suffered investment losses in CBL & Associates Properties at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.
On Nov. 2, 2020 mall owner CBL & Associates Properties (NYSE:CBL) has filed for Chapter 11 bankruptcy protection after Covid-19 forced many retailers to quit paying rent.
The company filed in the Southern District Court of Texas saying it will give it a chance to keep operating while reorganizing its finances and business. It listed estimated assets at about $1B-$10B and liabilities close to the same.
J.C. Penney (OTCPK:JCPNQ) and Ascena Retail (OTCPK:ASNAQ), two of the company’s biggest tenants, have already filed for bankruptcy with plans to close stores.
According to MarketWatch, the company’s share price is down -89.88% YTD.
The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended CBL & Associates Properties to investors.
Broker dealers are required to perform adequate due diligence on all investment recommendations including real estate investment trusts. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
Free Consultation with a Securities Attorney
To determine whether you may be able to recover investment losses in CBL & Associates Properties, please contact The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.