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Securities,
Civil Litigation,
Corporate

Apr. 30, 2018

Real estate company hit with shareholder suit

A disgruntled shareholder has sued real estate company Colony NorthStar Inc. for allegedly hiding its underwhelming financial performance last year.

A disgruntled shareholder has sued real estate company Colony NorthStar Inc. for allegedly hiding its underwhelming financial performance last year.

Steve Klein accused the real estate investment trust of misleading investors by failing to disclose poor financial results from its health care and investment management segments during the fiscal year 2017, according to court briefs filed Thursday. Klein v. Colony NorthStar Inc. e...

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