Market Overview

Robbins Arroyo LLP: Colony NorthStar, Inc. (CLNS) Misled Shareholders According to a Recently Filed Class Action


Shareholder rights law firm Robbins Arroyo LLP announces
that purchasers of Colony NorthStar, Inc. (NYSE:CLNS) have filed a
class action complaint against the company's officers and directors for
alleged violations of the Securities Exchange Act of 1934 between
February 28, 2017 and March 1, 2018. Colony NorthStar ("Colony") is a
diversified equity REIT with an embedded institutional and retail
investment management business.

View this information on the law firm's Shareholder Rights Blog:

Colony NorthStar Accused of Including False Statements in its SEC

According to the complaint, Colony's financial results were not as
accurate as the company represented to investors because Colony's
Healthcare and Investment Management segments were performing worse than
reported. On March 1, 2018, Colony announced a goodwill impairment of
$375 million to reflect lower value in its Investment Management
business. During the company's conference call that same day, Colony's
President and Chief Executive Officer stated, "Our earnings performance
has not lived up to expectations, emanating from more challenging
industry conditions in healthcare, real estate as well as our retail
broker dealer distribution business[.]…" On this news, Colony's stock
fell over 22% to close at $6.00 per share on March 1, 2018.

Colony NorthStar Shareholders Have Legal Options

If you would like more information about your rights and potential
remedies, contact attorney Leonid Kandinov at (800) 350-6003,,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

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