January 02, 2013
A Georgia federal judge on Wednesday preliminarily approved a shareholder group's $4.9 million class action settlement with Piedmont Office Realty Trust Inc.'s officers and directors over claims they misled shareholders about the $175 million acquisition of six advisory companies that handled Piedmont's day-to-day operations.
September 27, 2012
A Georgia federal judge on Wednesday granted summary judgment in favor of Wells Real Estate Investment Trust Inc. in a class action that alleged it misled shareholders by failing to disclose a competing offer when promoting a $175 million "internalization" of its adviser affiliates.
April 06, 2012
Piedmont Office Realty Trust Inc. told a Georgia federal court on Wednesday that it was not legally required to disclose to a class of shareholders a merger offer made in 2007 during the company's preparations for an initial public offering.
September 16, 2009
A federal judge has granted class certification in a shareholder suit accusing Wells Real Estate Investment Trust Inc., the company’s top brass and its adviser entities of misleading investors about an internal merger involving companies owned by Wells officers and directors.