Kendall Law Group, led by former federal judge Joe Kendall, is investigating McCormick & Schmick's Seafood Restaurants Inc. (NASDAQ: MSSR) for shareholders in connection with the proposed acquisition by Landry's Inc. The national securities firm’s investigation seeks to determine whether McCormick & Schmick and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a McCormick & Schmick shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at email@example.com.
On November 8, 2011, the companies announced the definitive merger agreement under which McCormick & Schmick would be acquired by Landry's, in a transaction valued at approximately $132 million. Under the terms of the agreement, McCormick & Schmick stockholders will receive $8.75 in cash for each share of McCormick & Schmick/MSSR common stock held. Earlier this year, McCormick & Schmick adopted a "poison pill" measure to block a hostile takeover after rejecting a $9.25 share offer from Landry’s. The firm’s investigation seeks to determine whether McCormick & Schmick and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.