The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of NTS Realty Holdings Limited Partnership in Connection with the Proposed Sale of the Company to its Founder and CEO
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of NTS Realty Holdings Limited Partnership ("NTS" or the "Company") (NYSE MKT: NLP) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to its founder and Chairman, J.D. Nichols, and its CEO, Brian F. Lavin.
Click here to learn how to join the action: http://zlk.9nl.com/nts-realty-holdings-nlp, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, NTS shareholders would receive $7.30 for each share of NTS they own. This is Nichols and Lavin's second going private proposal—NTS rejected the original offer of $5.25 per share on November 16, 2012. The investigation concerns, among other things, whether the Board is acting in shareholders best interest and whether the Board is engaging in meaningful discussion with Nichols and Lavin concerning the offers.
If you own common stock in NTS and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/nts-realty-holdings-nlp.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
KEYWORDS: United States North America New York
The article The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of NTS Realty Holdings Limited Partnership in Connection with the Proposed Sale of the Company to its Founder and CEO originally appeared on Fool.com.