LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP, representing investors of Behringer Harvard REIT I, Inc. (aBH REITa or the aCompanya), announces that it has filed a class action lawsuit in the United States District Court for the Northern District of Texas on behalf of all persons who were shareholders of record of BH REIT common stock as of April 1, 2011 and were entitled to vote on the Schedule 14 that BH REIT filed with the SEC on that date (the aProxy Classa) as well as all persons who were entitled to tender their BH REIT shares pursuant to the Tender Offer Statements on Schedule TO under Section 14(d)(1) or 13(e)(1) of the Exchange Act, filed with the SEC by CMG Legal Income Funds on August 23, 2011 and February 23, 2012 (the aTender Classa). Additionally, the complaint seeks recovery for shareholders who purchased or otherwise acquired shares in BH REIT from February 19, 2003 to the present (the aClassa) for breach of fiduciary duty by the Company and its directors and officers.
A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, or by email at [ shareholders@glancylaw.com ].
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 Companyas 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 Defendantsa motive for seeking to amend the Companyas 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 Companyas 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. Further, the Complaint alleges that Defendants have breached their fiduciary to duties to all BH REIT shareholders.
If you are a member of the Tender or Proxy classes described above, you may move the Court, no later than 60 days from the date of publication of this notice to serve as lead plaintiff; however, you must meet certain legal requirements. If you would like to [ learn more ] about these claims, or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].