BALA CYNWYD, PA / ACCESSWIRE / July 16, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of LaSalle Hotel Properties ("LaSalle Hotel" or "the Company") (NYSE: LHO News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to affiliates of Blackstone Real Estate Partners VIII ("Blackstone").
Click here to learn more http://www.brodskysmith.com/cases/lasalle-hotel-properties-nyse-lho/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, LaSalle Hotel shareholders will receive only $33.50 in cash for each share of LaSalle Hotel stock they own. The investigation concerns whether the Board of LaSalle Hotel breached their fiduciary duties to shareholders and whether Blackstone is underpaying for the Company. The transaction may undervalue the Company and may not be in the LaSalle Hotel shareholders best interests. For example, a large shareholder owning 1,000,000 shares with its affiliates has in writing expressed its support for a revised merger proposal made by Pebblebrook Hotel Trust.
If you own shares of LaSalle Hotel 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 by visiting http://www.brodskysmith.com/cases/lasalle-hotel-properties-nyse-lho/, or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, 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.
SOURCE: Brodsky & Smith, LLC
