December 10, 2020 - The court granted the defendants' motion to dismiss.

September 28, 2020 - A motion to dismiss the amended complaint was filed.

September 14, 2020 - An amended complaint was filed.

May 26, 2020 - An investor in shares of Colony Capital, Inc. (NYSE: CLNY) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Colony Capital, Inc. in connection with certain allegedly false and misleading statements made between August 9, 2019, and May 7, 2020.

Los Angeles, CA based Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $53 billion, which includes approximately $14 billion of assets under management from Digital Bridge, a leading global investment manager of digital infrastructure assets including cell towers, small cells, fiber and data centers. Colony Capital, Inc. reported that its annual Total Revenue declined from over $2.79 billion in 2017 to over $2.66 billion in 2018 and that its Net Loss increased from $197.89 million in 2017 to $519.6 million in 2018.

On November 8, 2019, Colony Capital, Inc announced its financial results for the third quarter of 2019. Among other results, the Company 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.”

Shares of Colony Capital, Inc. (NYSE: CLNY) declined from $6.14 per share in late September 2019 to as low as $4.78 per share on November 18, 2019.

Then, on May 8, 2020, Colony Capital, Inc announced its financial and operating results for the first quarter of 2020. Colony Capital, Inc 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.

Shares of Colony Capital, Inc. (NYSE: CLNY) declined to as low as $1.42 per share on May 14, 2020.

According to the complaint the plaintiff alleges on behalf of purchasers of Colony Capital, Inc. (NYSE: CLNY) common shares between August 9, 2019, and May 7, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 9, 2019, and May 7, 2020, the Defendants made false and/or misleading statements and/or failed to disclose that Colony’s sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate’s portfolio were foreseeably likely to negatively impact Colony’s financial and operating results, that certain of Colony’s remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at significant risk of default, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.