The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of McCormick & ...
November 16 2011 - 2:47PM
Marketwired
Levi & Korsinsky notifies investors of McCormick &
Schmick's Seafood Restaurants ("McCormick & Schmick's" or the
"Company") (NASDAQ: MSSR) of claims of possible breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to Landry's MSA Co., Inc., a subsidiary of Landry's, Inc.
Under the terms of the transaction, McCormick & Schmick's
shareholders will receive $8.75 per share in cash for each share of
McCormick & Schmick's they own. The transaction has a total
approximate value of $131.6 million. A complaint was filed in
Oregon state court.
Click here to learn how to join the action:
http://zlk.9nl.com/mccormick-schmicks, or call: 877-363-5972.
The claims concern whether the McCormick & Schmick's Board
of Directors is undertaking a fair process to obtain maximum value
for its shareholders. In particular, the Company adopted a poison
pill in April, thwarting a hostile takeover in which shareholders
would have received $9.25 per share. Furthermore, shares of
McCormick & Schmick's traded as high as $9.15 per share as
recently as May of this year.
If you own common stock in McCormick & Schmick's and wish to
obtain additional information, please contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit
http://www.zlk.com/mccormick-schmicks-mssr.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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