BALA CYNWYD, Pa. -- (Business Wire)
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Trade Street
Residential, Inc. ("Trade Street” or "the Company") (Nasdaq: TSRE) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Independence Realty Trust,
Inc. (“IRT”).
Click here to learn more about the investigation http://brodsky-smith.com/937-tsre-trade-street-residential-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Trade Street shareholders will
receive only 0.4108 of a share of IRT stock and $3.80 in cash for each
share of Trade Street stock they own. The transaction values Trade
Street at only approximately $7.32 per share. The investigation concerns
whether the Board of Trade Street breached their fiduciary duties to
shareholders and whether IRT is underpaying for Trade Street. The
transaction may undervalue Trade Street and would result in a loss for
many Trade Street shareholders. For example, an analyst has placed a
$8.50 per share price target on Trade Street stock and Trade Street
stock traded at $8.20 per share on January 30, 2014.
If you own shares of Trade Street and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004 by visiting http://brodsky-smith.com/937-tsre-trade-street-residential-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and class
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and have successfully recovered millions of dollars for our
clients and shareholders. Attorney advertising. Prior results do not
guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005113/en/
Contacts:
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
http://brodsky-smith.com/937-tsre-trade-street-residential-inc.html
Source: Brodsky & Smith, LLC
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