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Publicly traded REIT prevails in class action securities fraud lawsuit

A self-managed and self-administered real estate investment trust (REIT) focused in the healthcare space became involved in a securities class action lawsuit. A competitor sought to acquire the client and a definitive Merger Agreement was eventually executed. Following the agreement, the Plaintiff alleged that the company disseminated false and misleading information regarding the proposed transaction and also brought controlling persons claims against various officers and directors. The company and the individual defendants denied all wrongdoing.

Waller represented the REIT in the lawsuit. The plaintiffs ultimately abandoned the case and received no relief whatsoever.

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