Faruqi & Faruqi, LLP Announces Investigation of McCormick & Schmick's Seafood Restaurants, Inc.
14 Noviembre 2011 - 6:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of McCormick & Schmick’s Seafood Restaurants, Inc.
(“McCormick & Schmick’s” or the “Company”) (NASDAQ: MSSR) for
potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Landry’s MSA Co.,
Inc. in an all-cash deal valued at about $132 million. Under the
terms of the proposed transaction, McCormick & Schmick’s
stockholders will receive $8.75 in cash for each share of McCormick
& Schmick’s common stock they own. The proposed transaction is
structured as a tender offer and may be effectuated without a
shareholder vote.
Request more information now by clicking here:
www.faruqilaw.com/MSSR
Whether McCormick & Schmick’s Board of Directors breached
their fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues McCormick & Schmick’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
McCormick & Schmick’s shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in McCormick & Schmick’s and wish to
obtain additional information, please visit us at
www.faruqilaw.com/MSSR or contact Juan E. Monteverde, Esq. either
via e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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