Maryland-Based Law Firm Brower Piven Announces Investigation of CapLease, Inc. Proposed Buyout
Maryland-Based Law Firm Brower Piven Announces Investigation of CapLease, Inc. Proposed Buyout
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of CapLease, Inc. ("CapLease" or the "Company") (NYS: LSE) and other violations of state law by the board of directors of CapLease relating to the proposed buyout of the Company by American Realty Capital Properties, Inc. The firm's investigation seeks to determine, among other things, whether the board of directors of CapLease breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout, CapLease shareholders will receive $8.50 per share in cash for each share of CapLease common stock they own.
If you currently own common stock of CapLease and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Brower Piven is the only firm headquartered in Maryland with a practice dedicated primarily to shareholder class action litigation. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
KEYWORDS: United States North America Maryland
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The article Maryland-Based Law Firm Brower Piven Announces Investigation of CapLease, Inc. Proposed Buyout originally appeared on Fool.com.
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