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NEW ORLEANS, April 10, 2018 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 5, 2018 to file lead plaintiff applications in a securities class action lawsuit against Colony NorthStar, Inc. (NYSE:CLNS), if they purchased the Company’s securities between February 28, 2017 and March 1, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.
What You May Do
If you purchased securities of Colony NorthStar and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-clns/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 5, 2018.
About the Lawsuit
Colony NorthStar and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 1, 2018, the Company announced disappointing financial results for Q4 2017 and FYE December 31, 2017 including “a $375 million write-down of goodwill and intangibles” attributable to lower value in its retail investment management business and disappointing performance due in part to challenging industry conditions.
On this news, the price of Colony NorthStar’s shares plummeted $1.78 per share or over 22% to close at $6.00 per share on March 1, 2018.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
