Tripp Levy PLLC Announces Investigation of the Management Buyout of McCormick & Schmick's

NEW YORK, Nov. 8, 2011 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of McCormick & Schmick's Seafood Restaurants, Inc. (NASDAQ: MSSR).  It was announced that Landry's Inc., through its Chairman and CEO, Tilman Fertitta, who owns approx. 10% of MSSR's shares, has proposed to acquired the remaining shares of MSSR that he does not already own for $8.75 per share.

The investigation concerns, among other things, whether the consideration to be paid to MSSR shareholders is unfair, inadequate, and substantially below the fair or inherent value of MSSR.  Indeed, analysts estimate the true inherent value of the stock is worth at least $12 per share. The investigation further concerns whether the board of directors of MSSR, including Tilman Fertitta as a significant shareholder, may have breached their fiduciary duties by not acting in MSSR shareholders' best interests in connection with the sale process of MSSR.

If you own MSSR 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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