NEW YORK, Nov. 8, 2011 /PRNewswire/ -- Levi & Korsinsky
is investigating the Board of Directors of McCormick &
Schmick's Seafood Restaurants ("McCormick & Schmick's" or the
"Company") (NASDAQ: MSSR) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Landry's MSA Co., Inc., a subsidiary of Landry's,
Inc. Under the terms of the transaction, McCormick &
Schmick's shareholders will receive $8.75 per share in cash for each share of
McCormick & Schmick's they own. The transaction has a
total approximate value of $131.6
million.
Click here to learn how to join the action:
http://www.zlk.com/mccormick-schmicks-mssr, or call:
877-363-5972.
The investigation concerns whether the McCormick & Schmick's
Board of Directors is undertaking a fair process to obtain maximum
value for its shareholders. In particular, the Company
adopted a poison pill in April, thwarting a hostile takeover in
which shareholders would have received $9.25 per share. Furthermore, shares of
McCormick & Schmick's traded as high as $9.15 per share as recently as May of this
year.
If you own common stock in McCormick & Schmick's and wish to
obtain additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP