INVESTOR ALERT: Faruqi & Faruqi, LLP is Investigating the Acquisition of NTS Realty Holdings LP (NLP
Jan 17th 2013 3:35PM
Updated Jan 17th 2013 4:25PM
INVESTOR ALERT: Faruqi & Faruqi, LLP is Investigating the Acquisition of NTS Realty Holdings LP (NLP)
NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of NTS Realty Holdings LP ("NTS Realty" or the "Company") (NYSE MKT: NLP) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to entities created and controlled by J.D. Nichols, the founder and Chairman of NTS Realty, and Brian F. Lavin, the President and CEO of NTS Realty, in an all-cash going private deal valued at approximately $345 million. Under the terms of the proposed transaction, NTS Realty's stockholders will receive $7.50 in cash for each share of NTS Realty common stock they own.
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The investigation focuses on whether NTS Realty'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 and by how much this proposed transaction undervalues the Company to the detriment of NTS Realty's shareholders.
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 NTS Realty and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/NLP or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
KEYWORDS: United States North America New York
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