CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE:CBL) today issued the following
statement in response to baseless allegations in media coverage.
“Tuesday night’s story referencing our company in The Wall Street
Journal included serious allegations from unnamed sources. We believe
these allegations to be completely baseless and take very seriously any
questions regarding our accounting and financial practices. We strongly
deny and will seek to understand the origin of these allegations. As we
told the reporter - who contacted our company for the first time on
Tuesday regarding this matter - neither the company nor its executives
have been contacted by the FBI, the SEC or any regulatory agency
regarding our company’s accounting or financial practices. At all times,
our company operates with the utmost integrity and holds itself to the
highest ethical standards. We have stringent policies and procedures in
place to ensure all of our accounting and financial processes and
reporting comply with applicable laws, rules and regulations.”
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, CBL is one of the largest and most
active owners and developers of malls and shopping centers in the United
States. CBL owns, holds interests in or manages 145 properties,
including 91 regional malls/open-air centers. The properties are located
in 31 states and total 84.9 million square feet including 8.0 million
square feet of non-owned shopping centers managed for third parties.
Additional information can be found at cblproperties.com.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws.Such
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy and some of which might not even
be anticipated.Future events and actual events, financial and
otherwise, may differ materially from the events and results discussed
in the forward-looking statements.The reader is directed to the
Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K
and the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" included therein, for a discussion of such risks
and uncertainties.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160524006775/en/
CBL & Associates Properties, Inc.
Investor Relations:
Katie
Reinsmidt, 423-490-8301
Senior Vice President - Investor Relations
and Corporate Investments
katie.reinsmidt@cblproperties.com
Source: CBL & Associates Properties, Inc.