SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates EQC, SNX, WBT, MDP; Shareholders are Encouraged to Contact the Firm
05/08/2021 | 12:00am EDT
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NEW YORK, May 08, 2021 (GLOBE NEWSWIRE) Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Equity Commonwealth (NYSE: EQC) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Monmouth Real Estate Investment Corporation. Under the merger, Equity Commonwealth will acquire Monmouth in an all-stock transaction. Upon closing, Equity Commonwealth shareholders are expected to own approximately 65% of the pro forma company.
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Monmouth Real Estate Investment Corp - MNR troyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from troyrecord.com Daily Mail and Mail on Sunday newspapers.
About Monteverde & Associates PC
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the
Top 50 in the 2018-2020 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2020 Top Rated Lawyer. Our firm s recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Suprem
WMRE: Let’s start with performance. What were the highlights for the month?
John Worth: REITs are now in positive territory vs. where they were on Feb. 21, 2020, which is our “marker” for the beginning of the COVID period. So, they have now experienced a full recovery in terms of share prices.
It’s an important guidepost for REITs to pass. And, in fact, if you look at the full 14 months from Feb. 21, 2020 to April 23, 2021, you see that REITs are up over that 14-month period by 2.1 percent.
Every previous time we’ve talked, they’ve been red for the COVID period.
Operator
Greetings, and welcome to Equity Commonwealth First Quarter 2021 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to your host, Sarah Byrnes, Senior Vice President, Investor Relations and Capital Markets. Thank you. You may begin.
Sarah C. Byrnes
Senior Vice President of Investor Relations and Capital Markets
Thanks, Rob. Good morning, and thank you for joining us today. We will be discussing the recently announced merger between Equity Commonwealth and Monmouth Real Estate Investment Corporation. On the call today from Equity Commonwealth are Sam Zell, our Chairman; David Helfand, President and Chief Executive Officer; David Weinberg, Chief Operating Officer; and Bill Griffiths, Chief Financial Officer. Please be advised that certain matters discussed during this conference call, including relating to the pending merger, may constitute forward-looking statements within the meaning of federal securities laws.