|[November 28, 2012]
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Mission West Properties, Inc. in Connection with the Liquidation of Assets
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Mission West
Properties, Inc. ("Mission West" or the "Company") (Nasdaq: MSW) for
possible breaches of fiduciary duty and other violations of state law in
connection with the liquidation of the Company's real estate assets. In
a November 2, 2012 press release, Mission West announced it would sell
certain real estate assets to an entity sponsored by affiliates of Divco
West and TPG Real Estate for approximately $400 million in cash and $398
million in assumed debts and other obligations. Mission West intends to
liquidate after the completion of these transactions and the
satisfaction of outstanding debts, taxes, and related transaction costs.
Click here to learn how to join the action: http://zlk.9nl.com/mission-west-properties-msw/,
or call: 877-363-5972.
Under the terms of this liquidation agreement, shareholders will receive
an estimated $9.20 to $9.28 per share in cash. The investigation
concerns whether the Mission West Board of Directors breached their
fiduciary duties to Mission West stockholders by unanimously voting to
liquidate the Company's assets.
If you own common stock in Mission West and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/mission-west-properties-msw/.
Levi & Korsinsky is a national firm with offices in New York, California
and Washington D.C. The firm has extensive expertise in prosecuting
investor securities litigation involving financial fraud and represents
investors throughout the nation, concentrating its practice in
securities and shareholder litigation. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to serve
as lead counsel on behalf of shareholders in major litigations involving
mergers and acquisitions. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising. Prior
results do not guarantee similar outcomes.
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