Tripp Levy PLLC Announces Investigation of Acquisition of Morton's Restaurant on Behalf of Morton Shareholders

NEW YORK, Dec. 16, 2011 /PRNewswire/ --  Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Morton's Restaurant Group, Inc. (NYSE: MRT).  It was announced that Tilman J. Fertitta who owns approx. 5% of Morton's shares, will acquire the remaining shares of Morton that he does not already own for $6.90 per share.

The investigation concerns, among other things, whether the consideration to be paid to Morton shareholders is unfair, inadequate, and substantially below the fair or inherent value of Morton.  Indeed, analysts estimate the true inherent value of the stock is worth at least $9 per share. The investigation further concerns whether the board of directors of Morton may have breached their fiduciary duties by not acting in Morton shareholders' best interests in connection with the sale process of Morton.

If you own Morton common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts

Tripp Levy PLLC
Tripp Levy, 877-772-3975
[email protected]

SOURCE Tripp Levy PLLC

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