Inland Dodges Shareholder Stock Inflation Suit

Law360, Los Angeles (November 18, 2013, 7:51 PM EST) -- An Illinois federal judge on Monday dismissed claims that Inland American Real Estate Trust Inc. and its directors inflated share prices to investors, ruling that the company repeatedly reminded shareholders that the prices were estimates and could be higher than the company’s real value.

Shareholders say they were entitled to buy Inland shares under the company’s distribution reinvestment plan, or DRP, but that the prices were knowingly inflated and could be purchased for less on the secondary market.

But U.S. District Judge Harry D. Leinenweber dismissed...
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Case Information

Case Title

Becker et al v. Inland American Real Estate Trust, Inc. et al


Case Number

1:13-cv-03128

Court

Illinois Northern

Nature of Suit

160(Contract: Stockholders Suits)

Judge

Honorable Harry D. Leinenweber

Date Filed

April 26, 2013

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