Maryland-Based Law Firm Brower Piven Announces Class Action Lawsuit in
Connection With Claims of Breaches of Fiduciary Duty by the Board of CapLease,
Inc. in Connection With a Proposed Buyout -- LSE
STEVENSON, Md., June 11, 2013 (GLOBE NEWSWIRE) -- The securities litigation
firm of Brower Piven, A Professional Corporation, announces that a class
action lawsuit has been commenced in the New York Supreme Court for New York
County, on behalf of all common stockholders of CapLease, Inc. ("CapLease" or
the "Company") (NYSE:LSE).
According to the complaint, under the terms of the proposed transaction,
American Realty Capital Properties, Inc. would acquire the outstanding shares
of CapLease for a value of $8.50 per share in cash. The claims concern, among
other things, whether the proposed consideration to be paid to CapLease
shareholders is unfair, inadequate, and substantially below the fair or
inherent value of CapLease.
If you currently own common stock of CapLease and would like to learn more
about the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
email@example.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Brower Piven is the only firm headquartered in Maryland with a practice
dedicated primarily to shareholder class action litigation. Attorneys at
Brower Piven have combined experience litigating securities and other class
action cases of over 60 years.
CONTACT: Brower Piven, A Professional Corporation
Charles J. Piven, (410) 415-6616
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