Behringer Harvard REIT I, Inc. Securities Litigation
On or around 03/27/2014 (Date of order of final judgment)
Filing Date: September 17, 2012
According to the law firm press release, BH REIT, together with its wholly owned subsidiaries, is a real estate investment trust that owns 57 properties located in 21 states and the District of Columbia. The Complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material information to the Proxy Class in a Schedule 14(a) filed on April 1, 2011 that sought to amend the Company’s charter to require any person making a tender offer to comply with the provision of Regulation 14D of the Securities and Exchange Act of 1934. The Complaint alleges that the Schedule 14(a) misrepresented Defendants’ motive for seeking to amend the Company’s charter. Additionally, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose material information to the Tender Class in Schedule 14D-9(s) filed on September 7, 2011 and February 23, 2012 in response to Tender Offers the Company’s shareholders had received. The Complaint alleges that the 14D-9(s) misrepresented the value of the Company and information regarding past distributions that the Company had made to its shareholders.
On March 8, 2013, the Lead Plaintiffs stipulated to the dismissal of certain Officer Defendants without prejudice.
On March 27, 2014, the Court issued an Order granting Defendants' Motion to Dismiss with prejudice.
Company & Securities Information
Defendant: Behringer Harvard REIT I, Inc.
Industry: Investment Services
Headquarters: United States
Company Market: Privately Traded
Market Status: Privately Held
About the Company & Securities Data
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In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Lillian Hohenstein, et al. v. Behringer Harvard REIT I, Inc., et al.