Brower Piven Announces Class Action Lawsuit in Connection With the Acquisition of Nationwide Health Properties by Ventas, Inc.
02 Março 2011 - 7:32PM
Marketwired
The law firm of Brower Piven, A Professional Corporation, the
largest and most active plaintiffs securities litigation firm
headquartered in Maryland, announces that a class action lawsuit
has been commenced in the California Superior Court of Orange
County on behalf of all shareholders of Nationwide Health
Properties ("NHP" or "Company") (NYSE: NHP).
On February 28, 2011, NHP, a Maryland company and a publicly
traded real estate investment trust (REIT), and its Board of
Directors were named as defendants in a class action lawsuit in
connection to the Agreement and Plan of Merger signed on February
27, 2011 for NHP to be acquired by Ventas, Inc. ("Ventas") (NYSE:
VTR). The complaint states that, under the terms of the merger
agreement, NHP shareholders will receive 0.7866 Ventas shares for
each share of NHP common stock held. The complaint alleges, among
other things, that the Company's directors breached their fiduciary
duties by approving the proposed merger transaction between the
Company and Ventas because the proposed transaction would not
maximize shareholder value and would allegedly provide the
directors personal benefits not shared by NHP's shareholders.
If you are a current owner of shares of NHP, you may obtain
additional information about this lawsuit by contacting Brower
Piven at www.browerpiven.com, by email at hoffman@browerpiven.com,
by calling 410/415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Brower Piven is a Maryland-based firm that is knowledgeable of the
Maryland legal standards that will apply in seeking to protect
shareholders' rights. Attorneys at Brower Piven have combined
experience litigating securities and class action cases of over 60
years. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain
other counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT: Charles Piven Brower Piven, A Professional Corporation
Stevenson, Maryland 410/415-6616 Email Contact
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