Block & Leviton LLP Investigates Cogdell Spencer Inc.'s Board of Directors for Possible Breaches of Fiduciary Duty

Published on Tuesday, 27 December 2011 12:17 Written by TradersHuddle Staff

BOSTON, Dec. 27, 2011 /PRNewswire/ -- Block & Leviton LLP (blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of Cogdell Spencer Inc. ("Cogdell Spencer" or the "Company") (NYSE: CSA) with regards to the proposed acquisition of the Company by Ventas, Inc. (NYSE: VTR).  According to Dow Jones Newswire, the offering price values Cogdell Spencer at approximately $217.0 million. 

Block & Leviton's investigation seeks to determine, among other things, whether Cogdell Spencer's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction.  More specifically, the Company's stock traded at the offering price ($4.25 per share) as recently as November 11, 2011 and higher than the offering price in August and September 2011 – reaching as high as $6.31 per share in July 2011.  Moreover, the offering price represents a paltry 8% premium over the Company's closing price on December 23, 2011.

If you are a Cogdell Spencer shareholder and have questions about your legal rights, please contact Mark Alan Delaney of Block & Leviton LLP at (617) 398-5650 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. . 

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 40 years. 

This notice may constitute attorney advertising.

SOURCE Block & Leviton LLP