Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Lodgian, Inc.
23 1월 2010 - 8:19AM
Business Wire
Attorney Advertising. Notice is hereby given that Stull, Stull
& Brody has commenced an investigation on behalf of
shareholders of the common stock of Lodgian, Inc. (Amex: LGN)
(“Lodgian” or the “Company”) for possible breaches of fiduciary
duty and other violations of state law in connection with an
agreement by the Company’s Board of Directors to allow the Company
to be acquired by an affiliate of Loan Star Funds (“Lone Star”) in
a transaction valued at approximately $270 million.
The current investigation concerns the price to be paid by Lone
Star to Lodgian shareholders and the process by which Lodgian’s
Board of Directors is addressing the transaction, including whether
Lodgian’s Board of Directors breached its fiduciary duties to the
Company’s shareholders by agreeing to sell the Company under the
proposed terms. Whereas the transaction terms provide that Lodgian
shareholders are to receive $2.50 in cash for each share of Lodgian
common stock owned, the Company’s common stock traded as high as
$2.98 per share as recently as April 30, 2009.
If you own the common stock of Lodgian and wish to obtain
additional information about this matter, please contact Jason
D’Agnenica, Esq. at Stull, Stull & Brody by calling
1-800-337-4983 or 1-212-687-7230, or by email to lodgian@ssbny.com
or by writing to Stull, Stull & Brody, 6 East 45th Street, New
York, NY 10017. Stull, Stull & Brody has litigated many class
actions for violations of securities laws and breaches of fiduciary
duty on behalf of defrauded investors over the past 40 years and
has obtained court approval of substantial settlements on numerous
occasions. Stull, Stull & Brody has offices in New York and Los
Angeles.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Lodgian (AMEX:LGN)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Lodgian (AMEX:LGN)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024