TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

CBRE Realty Finance Inc (NYSE: CBF) Investor Securities Class Action Lawsuit 10/30/2007

  • If you purchased shares of CBRE Realty Finance Inc (NYSE: CBF), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
CBRE Realty Finance Inc
Security
NYSE: CBF

Case Name
CBRE Realty Finance Shareholder Class Action Lawsuit 10/30/2007
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Connecticut

Class Period Begin
Class Period End
You must register or login to receive notifications.

Click here to subscribe to CBRE Realty Finance Inc.
Summary

August 16, 2011 - The U.S. Court of Appeals for the Second Circuit issued a mandate, affirming the district courts' decision.
April 23, 2010 - The lead plaintiffs filed a notice of appeal.

March 25, 2010 - The court denied the lead plaintiffs' motion for reconsideration.

August 12, 2009 - The lead plaintiffs filed a motion for reconsideration.

July 29, 2009 - The court granted the defendants' motion to dismiss.

January 15, 2009 - The defendants filed a motion to dismiss.

December 22, 2008 - The lead plaintiffs filed a notice of voluntary dismissal, dismissing the complaints against the underwriter defendants without prejudice and filed a second amended complaint.

July 29, 2008 - The defendants filed motions to dismiss.

May 6, 2008 - The lead plaintiffs filed a corrected amended complaint.

March 24, 2008 - The lead plaintiffs filed an amended complaint.

January 24, 2008 - The lead plaintiffs and lead counsel were appointed.

January 2, 2008 - A lead plaintiff motion was filed.

October 30, 2007 - An investor in shares of CBRE Realty Finance Inc (NYSE: CBF) filed a lawsuit in the U.S. District Court for the District of Connecticut against CBRE Realty Finance Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between September 29, 2006 and August 6, 2007.

CBRE Realty Finance Inc is a commercial real estate specialty finance company. The company primarily focuses on originating, acquiring, investing, financing, and managing a diversified portfolio of commercial real estate related loans and securities in North America.

On or about September 26, 2006, CBRE Realty Finance Inc filed with the SEC a Form S-11/A Registration Statement (the “Registration Statement”), for the IPO. On or about September 29, 2006, the Prospectus (the “Prospectus”) with respect to the IPO, which forms part of the Registration Statement, became effective. The complaint alleges that the Registration Statement and Prospectus failed to disclose that at the time of the IPO more than $20 million in loans on the company’s books were impaired and should have been written down but were not.

The complaint further alleges that on August 6, 2007, CBRE Realty Finance Inc issued a press release announcing its financial results for the second quarter of 2007, the period ending June 30, 2007. The Company reported that it was taking a $7.8 million impairment charge due to a write-down on a foreclosed asset. Following this announcement, the price of CBRE stock declined to $4.25 per share, 70% lower than the IPO price of $14.50, on extremely heavy trading volume.