SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Inland Real Estate Corp.
December 15 2015 - 8:05PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Inland Real Estate Corp. ("Inland” or "the Company") (NYSE: IRC)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to DRA
Advisors LLC (“DRA Advisors”).
Click here to learn more about the investigation
http://brodsky-smith.com/1011-irc-inland-real-estate-corp.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Inland shareholders will
receive only $10.60 in cash for each share of Inland stock they
own. The investigation concerns whether the Board of Inland
breached their fiduciary duties to shareholders and whether DRA
Advisors is underpaying for the Company. The transaction may
undervalue Inland and would result in no real gain or a loss for
many Inland shareholders. For example, Inland stock traded at
$11.67 per share as recently as January 29, 2015 and an analyst has
set a price target for Inland stock at $12.00 per share.
If you own shares of Inland stock and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1011-irc-inland-real-estate-corp.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151215006692/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1011-irc-inland-real-estate-corp.html
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