WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of NTS Realty Holdings Limited Partnership (“NTS” or the “Company”) (NYSE MKT: NLP) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by entities created and controlled by J.D. Nichols, the founder and Chairman of NTS, and Brian F. Lavin, the President and Chief Executive Officer of NTS (“Nichols and Lavin”).
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Under the terms of the proposal, public shareholders of NTS will receive $7.50 per share in cash for each share of NTS they own.
The investigation concerns whether NTS’s board of directors failed to adequately shop the Company and obtain the best possible value for NTS’s shareholders before entering into an agreement with Nichols and Lavin.
If you own the common stock of NTS and purchased your shares before December 27, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/nts-realty-holdings-limited-partnership-nlp.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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