NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of LaSalle Hotel Properties (“LaSalle” or the “Company”) (NYSE:LHO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Blackstone Real Estate Partners VIII. Under the terms of the deal, LaSalle stockholders will receive $33.50 in cash for each share of LaSalle they own.
The investigation concerns whether the LaSalle Board of Directors breached their fiduciary duties to LaSalle stockholders by failing to adequately shop the Company before entering into this transaction and whether Blackstone Real Estate Partners VIII is underpaying for LaSalle shares, thus unlawfully harming LaSalle stockholders.
If you own common stock in LaSalle and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/LHO-Info-Request-Form-1920.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.