The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Missio...
November 28 2012 - 6:32PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Mission West Properties, Inc. (“Mission West” or the “Company”)
(Nasdaq: MSW) for possible breaches of fiduciary duty and other
violations of state law in connection with the liquidation of the
Company’s real estate assets. In a November 2, 2012 press release,
Mission West announced it would sell certain real estate assets to
an entity sponsored by affiliates of Divco West and TPG Real Estate
for approximately $400 million in cash and $398 million in assumed
debts and other obligations. Mission West intends to liquidate
after the completion of these transactions and the satisfaction of
outstanding debts, taxes, and related transaction costs.
Click here to learn how to join the action:
http://zlk.9nl.com/mission-west-properties-msw/, or call:
877-363-5972.
Under the terms of this liquidation agreement, shareholders will
receive an estimated $9.20 to $9.28 per share in cash. The
investigation concerns whether the Mission West Board of Directors
breached their fiduciary duties to Mission West stockholders by
unanimously voting to liquidate the Company’s assets.
If you own common stock in Mission West 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
http://zlk.9nl.com/mission-west-properties-msw/.
Levi & Korsinsky is a national firm with offices in New
York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation 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.
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