The Regulation Places of work of Frank R. Cruz Reminds Buyers of Class Actions on Behalf of Shareholders

The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, July 21, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm reminds investors that class action lawsuits have been filed on behalf of the shareholders of the following listed companies. Investors have until the deadlines listed below to file a request from the main plaintiff.

Investors who experience losses on their investments are asked to contact Frank R. Cruz's law firm at 310-914-5007 or by email at to exercise their legal rights in these class actions to discuss.

Colony Capital, Inc. (NYSE: CLNY)
Class time: August 9, 2019 – May 7, 2020
Main plaintiff's deadline: July 27, 2020

The complaint alleges that defendants have provided and / or not disclosed false and / or misleading information throughout the class period: (1) that Colony's sale of the industrial property portfolio and Colony Credit's property portfolio allocation were predictably negative effects Colony's financial and operational results; (2) that 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 (3) the Company's public statements were consequently materially incorrect and misleading at all relevant times.

Carnival Corporation (NYSE: CCL)
Class time: January 28, 2020 – May 1, 2020
Main plaintiff's deadline: July 27, 2020

The complaint alleges that the accused made false and / or misleading statements and / or did not disclose throughout the teaching period: (1) that the company's doctors reported increasing events of COVID-19 disease on the company's ships ; (2) that the carnival violated the port of call regulations by hiding the amount and severity of COVID-19 infections on board its ships; (3) that Carnival's response to the COVID-19 outbreak did not follow its proprietary health and safety protocols that were developed in the course of other communicable disease outbreaks; (4) By continuing operations, the Carnival ships were responsible for continuing to distribute COVID-19 in various ports around the world. and (5) that, as a result of the foregoing, the defendant's positive statements regarding the company's business, operations and prospects were materially misleading and / or had no reasonable basis.

Wells Fargo & Company (NYSE: WFC)
Class time: April 5, 2020 – May 5, 2020
Main plaintiff's deadline: August 3, 2020

Shareholders with a loss of $ 50,000 or more are encouraged to contact the company

The complaint alleges that the accused made false and / or misleading statements and / or did not disclose throughout the teaching period: (1) Wells Fargo planned and did not properly allocate government-sponsored loans under the PPP, and / or had inadequate controls to prevent such misallocation; (2) that the foregoing has foreseeably increased the company's litigation risk related to PPP allocation, as well as increased regulatory control and / or potential enforcement action; and (3) as a result, the company's public statements at all relevant times were materially incorrect and misleading.

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You do not need to take any action at this time to be a member of these class actions. You can keep a lawyer of your choice or take no action and remain an absent member of the class action lawsuit. If you would like to learn more about these class action lawsuits, or if you have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the law firms of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, email or visit our website at If you inquire by email, please provide your mailing address, telephone number and number of shares purchased.

In some countries, this press release may be considered a lawyer’s advertisement in accordance with applicable laws and ethical rules.


Frank R. Cruz's law firms, Los Angeles
Frank R. Cruz, 310-914-5007


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