Piedmont REIT Investors Win Cert. In Securities Spat

Law360, New York (March 11, 2010, 5:07 PM EST) -- A federal judge has granted certification to a group of Piedmont Office Realty Trust Inc. shareholders in a class action accusing the real estate investment trust and its executives of violating federal securities law by making material omissions in their advice over a pair of tender offers by Lex-Win Acquisition LLC.

Judge Charles A. Pannell Jr. of the U.S. District Court for the Northern District of Georgia on Wednesday approved the plaintiffs' June bid for certification of two subclasses of shareholders: one for those who were...
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