The Law Firm of Weiss & Lurie Investigates McCormick & Schmick’s Seafood Restaurants, Inc.
12 November 2011 - 9:56AM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of McCormick &
Schmick’s Seafood Restaurants, Inc. (“MSSR”) (NASDAQ: MSSR) arising
from its agreement for the Company to be acquired by Landry’s Inc.
through an all-cash tender offer for $8.75 per share. The tender
offer is set to commence 10 business days from November 8, 2011 and
is expected to close in late December 2011 to early January
2012.
Weiss & Lurie is investigating whether MSSR’s Board acted in
the best interests of its shareholders in approving the
transaction. Multiple analysts set price targets for MSSR stock
above $8.75 per share with a high target of $12.00 per share prior
to the announcement of the tender offer. Notably, the stock traded
above $8.75 per share as recently as May 2011.
If you own MSSR shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Michael A. Rogovin either by
email at info@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing, consumer
fraud, or anti-trust violations, please email us at
info@weisslurie.com or fill out the form on our website,
http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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