Chesapeake Lodging Trust
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CHESAPEAKE (CHSP) MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF CHESAPEAKE LODGING TRUST IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – CHSP
May 6, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of Chesapeake Lodging Trust (“Chesapeake” or the “Company”) (NYSE: CHSP) to Park Hotels & Resorts Inc. (“Park”) is fair to Chesapeake shareholders.
The investigation concerns whether Chesapeake and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Chesapeake shareholders; (2) determine whether Park is underpaying for Chesapeake; and (3) disclose all material information necessary for Chesapeake shareholders to adequately assess and value the merger consideration.
On behalf of Chesapeake shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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