COLONIAL PROPERTIES TRUST INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF
LOUISIANA: Kahn Swick & Foti, LLC Investigates Colonial Properties Trust
Following Announcement of Proposed Sale of Company to Mid-America Apartment
NEW ORLEANS -- June 3, 2013
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law
firm of Kahn Swick & Foti, LLC (“KSF”) announce that KSF has commenced an
investigation into the Board of Directors of Colonial Properties Trust
(“Colonial” or the “Company”) (NYSE: CLP) in connection with their conduct
related to the sale of the Company to Mid-America Apartment Communities Inc.
(“Mid-America”) (NYSE: MAA). Under the terms of the proposed transaction,
shareholders of Colonial will receive 0.36 newly-issued shares of Mid-America
for each share of Colonial common stock that they own, representing an implied
price per share of approximately $24.47 per Colonial share based on the
closing price on May 31, 2013.
KSF’s investigation is focusing on whether Colonial and/or its officers and
directors secured sufficient value for the shareholders of the Company,
violated their fiduciary duties, and/or violated state or federal securities
If you have information that would assist KSF in its investigation, or would
like to discuss your legal rights, you may, without obligation or cost to you,
e-mail or call KSF Managing Partner Lewis S. Kahn (firstname.lastname@example.org)
or attorney Michael Palestina (email@example.com) toll free at
855-768-1857 or via cell phone any time at 504-236-7315.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on transactional litigation, as well as
securities class action and shareholder derivative litigation. With offices in
New York and Louisiana, KSF's lawyers have significant experience litigating
complex securities class actions nationwide on behalf of both institutional
and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Michael Palestina, Esq., 855-768-1857
or after hours via cell phone 504-236-7315
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