MPG Office Trust Buyout Triggers Shareholder Class Action

Law360, New York (May 1, 2013, 2:09 PM EDT) -- An MPG Office Trust Inc. shareholder on Monday launched a putative class action against the real estate investment trust in California, claiming its recent agreement to sell its assets to Brookfield Office Properties Inc. leaves shareholders holding the short end of the stick.

Hilary Coyne argued on behalf of a putative class of shareholders that Brookfield is now set to become the largest landlord in downtown Los Angeles and reap substantial value from a deal that inadequately compensates MPG shareholders that have seen the company through...
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