CBL & Associates Properties, Inc. (NYSE: CBL) today provided a further update following its press release on August 15, 2016, regarding the Security and Exchange Commission’s (“SEC”) investigation into four specific loans: In the Matter of CBL & Associates Properties, Inc., NY-9404.
On the afternoon of August 15, 2016, CBL received a letter from the SEC notifying the Company that they had concluded their investigation into four specific loans. The SEC stated, “We have concluded the investigation as to CBL & Associates Properties, Inc. (“CBL”) in the above referenced matter. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against CBL.”
The SEC provided this notice pursuant to the guidelines set out in the final paragraph of Securities Act Release No. 5310, (the text of this release can be found at: http://www.sec.gov/divisions/enforce/wells-release.pdf).
(CBL & Associates owns Northpark Mall in Joplin.)