To: All former shareholders of Colony Capital, Inc. (“Colony Capital”), NorthStar Asset Management Group, Inc. (“NSAM”), and NorthStar Realty Finance Corp. (“NRF”) who acquired Colony NorthStar, Inc. common stock pursuant or traceable to the Form S-4 Registration Statement and Prospectus issued in connection with the January 2017 mergers of the companies.
On January 10, 2017, CC, NSAM, and NRF merged through an all-stock exchange into Colony NorthStar, Inc. Pursuant to the mergers, Colony NorthStar, Inc. issued approximately 649 million shares of common stock to former shareholders of Colony Capital, NSAM, and NRF.
According to a complaint, the Registration Statement issued in connection with the mergers contained untrue statements of material fact and omitted material facts in violation of the federal securities laws. When the truth of the misrepresentations and omissions was revealed, Colony NorthStar, Inc.’s stock price declined significantly, damaging investors.
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