Centerline says class action lawsuit filed against co

Class Action News

Centerline Holding Co said class action lawsuit has been filed against it, its trustees and Related Cos, alleging claims related to Centerline's recently announced rights offering to an affiliate of Related Cos, according to a filing.

The New York-based company told the U.S. Securities and Exchange Commission that it believes the lawsuit related to its previously announced offering of convertible preferred shares was without merit.

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