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 - EconoTimes)
STEVENSON, Md., July 11, 2017 -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces a class action has been commenced in the United States District Court for the District of Maryland on behalf of holders of the common stock of FelCor Lodging Trust Incorporated (NYSE:FCH) (“FelCor” or the “Company”). Investors who wish to become proactively involved in the litigation should seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action.
The complaint alleges violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Securities and Exchange Commission (“SEC”) Rule 14a-9 against FelCor, FelCor’s Board of Directors, FelCor Lodging Limited Partnership, RLJ Lodging Trust, RLJ Lodging Trust, L.P., Rangers Sub I, LLC, and Rangers Sub II, LP for non-disclosure of material information relating to financial projections and the valuation analyses in support of the fairness opinion on which the FelCor Board of Directors relied provided by its investment banker Merrill Lynch, Pierce, Fenner & Smith Incorporated.
If you were a shareholder of FelCor and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616 [email protected]
