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Colony Capital, Inc. (NYSE: CLNY)
Copyright © 2006-2020 Law Offices of Howard G. Smith
This lawsuit is for anyone who acquired securities in Colony Capital, Inc. (NYSE: CLNY) from August 9, 2019 through May 7, 2020.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by making false statements regarding what the state of the Company would be after the sale of its industrial real estate portfolio.

On November 8, 2019, the Company revealed its financial results for the third quarter of 2019. Among other results, Colony reported a GAAP net loss of $555 million, or $1.15 per share, which "notably included reductions of goodwill, real estate and provision for loan losses totaling $540.3 million . . . of which $387.0 million was attributable to the reduction of goodwill primarily as a result of the pending sale of the Company's industrial investment management business and related real estate portfolio, and the decrease in management fees from Colony Credit Real Estate, Inc. resulting from impairments related to its portfolio bifurcation." On this news, the price of the Company's stock dropped precipitously on unusually heavy trading volume. Then, on May 8, 2020, the Company issued a press release revealing its financial and operating results for the first quarter of 2020. In the press release, the Company reported that its portfolio companies had defaulted on $3.2 billion of debt secured by hotels and healthcare-related properties and that Colony had received a notice of acceleration covering $780 million of the defaulted debt. On this news, the price of the Company's stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Colony Capital, Inc. (NYSE: CLNY) from August 9, 2019 through May 7, 2020 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
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I, the Plaintiff, certify that:
1.  I have reviewed the Complaint and authorized its filing.

2.  Plaintiff did not purchase the security that is the subject of this
     action, at the direction of plaintiff's counsel or in order to   
     participate in any private action arising under this title.

3.  I am willing to serve as a representative party on behalf of a class
     and will testify at deposition and trial, if necessary.

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     action, during the Class Period set forth in the Complaint are as
     follows:
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     except to receive my pro rata share of any recovery or as ordered
     or approved by the court including the award to a representative
     plaintiff of reasonable costs and expenses (including lost wages)
     directly relating to the representation of the class.
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