NEW YORK, April 22, 2015 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Associated Estates Realty Corporation ("Associated Estates" or the "Company") (NYSE, NASDAQ: AEC) breached its fiduciary duty to its shareholders in agreeing to sell Associated Estates to a real estate fund managed by Brookfield Asset Management.
Under the terms of the agreement, Associated Estates shareholders will receive $28.75 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Associated Estates shareholders and the process by which the Associated Estates Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as an Associated Estates stockholder, with no obligation or cost to you, please contact Joseph R. Seidman, Jr. at:
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs' firms in the country.
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SOURCE Bernstein Liebhard LLP