GlobeNewswire Inc | Jul 24, 2020 11:22AM EDT

July 24, 2020

NEW YORK, July 24, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Colony Capital, Inc. (NYSE: CLNY) between August 9, 2019 and May 7, 2020, inclusive (the Class Period)

If you wish to serve as lead plaintiff, you must move the Court no later than JULY 27, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

To join the class action, http://zhanginvestorlaw.com/join-action-form/?slug=colony-capital-inc&id=2300 call Sophie Zhang, Esq. toll-free at 800-991-3756 or emailinfo@zhanginvestorlaw.comfor information on the class action.

http://zhanginvestorlaw.com/join-action-form/?slug=colony-capital-inc&id=2300.

According to the lawsuit, throughout the Class Period (1) Colonys sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estates portfolio were foreseeably likely to negatively impact Colonys financial and operating results; (2) certain of Colonys remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at significant risk of default; and (3) as a result, Colonys public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C. 99 Wall Street, Suite 232 New York, New York 10005info@zhanginvestorlaw.com tel: (800) 991-3756