Home
Hotel News
BITAC® Events!
Food & Beverage Jan. 21, 2018 More Info 3 Supplier Spots Left
Luxury Mar. 04, 2018 More Info Sold Out for Suppliers
Building Your Hospitality Business
  Are you a member? Log In  or  Sign Up
Monarch/Cypress
 
Share
Send a summary and link to this article
To Email
Your Name
Your Email
Bot Test
To pass the Bot Test, please type the white text that you see in the gray box. This helps us prevent spammers from abusing the system.
Print Printable Version

Brower Piven Commences An Investigation Into The Proposed Sale Of Morgan's Hotel Group Co.

Wednesday, May 11, 2016
bookmark this
Bookmark to: Digg Bookmark to: Del.icio.us Bookmark to: Facebook
Bookmark to: Yahoo Bookmark to: Google Bookmark to: Twitter
We are on Twitter

STEVENSON, MD--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Morgans Hotel Group Co. (“Morgans” or the “Company”) (Nasdaq: MHGC) relating to the proposed buyout of the Company by SBE.

Under the terms of the agreement, Morgans shareholders are anticipated to receive $2.25 in cash for each share of Morgans common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Morgans and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Feedback Messaging & Feedback
We welcome your opinion! Log In to send feedback.
Already a member?
Login
Log In
Not yet registered?
Login
Sign Up
Need More Information?
Information
Benefits
 
  RSS Feed
RSS Feed
Policies
Contact Us
Mobile Version