NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that a class action lawsuit has been filed on behalf of purchasers of KBS REIT, Inc. common stock pursuant to a public offering between March 5, 2008 and April 10, 2009, those who purchased stock in KBS’ dividend reinvestment plan between February 19, 2009 and April 10, 2012. The lawsuit asserts claims against KBS and its officers and directors for violations California Corporations Code.
To join the KBS class action, visit the firm’s website at http://rosenlegal.com, or call Phillip Kim, Esq, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The lawsuit alleges that defendants concealed the true value of KBS REIT shares and paid unjustified dividends in order to create a history of returns to shareholders that would appeal to future investors. As a result of these improper and undisclosed practices, the Complaint alleges that the Plaintiffs suffered substantial losses.
If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
