SHAREHOLDER ALERT: Pomerantz Regulation Agency Reminds Shareholders with Losses on their Funding in Colony Capital, Inc. of Class Motion Lawsuit and Upcoming Deadline

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    NEW YORK, July 13, 2020 / PRNewswire / – Pomerantz LLP Announces A Class Action Lawsuit Against Colony Capital, Inc. ("Colony" or the "Company") (NYSE: CLNY) and some of its officers. The class action lawsuit filed in United States District Court for the Central District of Californiaand registered at 20-cv-04673 is on behalf of a class consisting of investors who have bought or otherwise purchased Colony securities August 9, 2019, and May 7, 2020both dates including (the "class period") to request compensation for damages caused by defendants' violations of the Federal Securities Act and for remedial action under sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 (the " Exchange Act ") and rule 10b-5 proclaimed against the company and some of its top officials.

    If you are a shareholder who bought Colony securities during the class, you have until July 27, 2020 to ask the court to appoint you as the primary plaintiff for the class. A copy of the complaint is available at To discuss this action, contact Robert S. Willoughby at the (Email protected) or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 7980. Those who inquire via email are asked to provide their mailing address, phone number, and number of shares purchased.

    (Click here for information on participating in the class action lawsuit.)

    Colony is a leading global investment management company with assets under management $ 55 billion. The Company manages the capital on behalf of its shareholders, institutional and private investors in private funds as well as traded and non-traded real estate investment funds.

    On August 9, 2019Colony announced that it would sell the multi-billion dollar industrial portfolio and possibly the associated management platform.

    On September 30, 2019, Colony announced that Blackstone (NYSE: BX) will acquire Colony Industrial, the company's commercial real estate and related industrial operating platform $ 5.9 billion.

    On November 7, 2019, Colony Credit Real Estate (NYSE: CLNC) announced that "third-party valuation experts have helped (c) the company with a solid strategic reassessment of its entire asset base" (d) identified and separated (the company) during this process an old, non-strategic portfolio and made significant changes to the original business plans, "and that" (g) (the) business plans to report the operations and divestitures from (its) core portfolio and the legacy, non-strategic portfolio separately. "

    The complaint alleges that the defendants made materially incorrect and misleading statements about the company's business, operational, and compliance policies throughout the teaching period. In particular, the defendants provided false and / or misleading information and / or did not disclose that: (i) Colony's sale of the industrial property portfolio and the division of Colony Credit Real Estate's portfolio had a foreseeable negative impact on Colony's financial and operating results ; (ii) some of Colony's remaining portfolio companies had unsustainable debt backed by hotels and healthcare properties and were therefore at significant risk of default; and (iii) as a result, the Company's public statements were materially incorrect and misleading at all relevant times.

    On November 8, 2019, Colony announced its third quarter 2019 financial results. Among other things, the company reported a GAAP net loss of $ 555 million, or $ 1.15 per share, which "included in particular the reduction of goodwill, real estate and the provision for credit losses as a whole $ 540.3 million . . . of which $ 387.0 million was attributable to the reduction in goodwill, primarily due to the upcoming sale of the company's industrial investment management business and related property portfolio, and the decrease in management fees at Colony Credit Real Estate, Inc. due to impairment related the division of the portfolio. "

    In the news, Colony's share price fell $ 0.48 per share, or 8.76% to close at $ 5.00 per share on November 8, 2019.

    Then further May 8, 2020Colony issued a press release announcing the first quarter 2020 financial and operational results. In the press release, Colony reported that its portfolio companies had defaulted $ 3.2 billion of debt secured by hotels and healthcare properties and that Colony had received notice of the acceleration $ 780 million the defaulted debt.

    In the news, Colony's share price fell $ 0.08 per share or 3.81% to close at $ 2.02 per share on May 8, 2020.

    The Pomerantz company with offices in new York, Chicago, los Angeles, and Paris is recognized as one of the leading companies in corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzThe Pomerantz company, known as the dean of the class action lawsuit, was a pioneer in the field of class action lawsuits for securities. Today, more than 80 years later, the Pomerantz company continues its tradition and fights for the rights of victims of securities fraud, breaches of trust and misconduct by companies. The company has claimed back several million dollars in damages on behalf of class members. See

    Robert S. Willoughby
    Pomerantz LLP
    (Email protected)

    SOURCE Pomerantz LLP

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