McCormick & Schmick's Seafood Restaurants, Inc. Has Agreed to be Acquired by Landry's Inc.

  • Do you own shares of McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq: MSSR)?
  • Did you buy any shares before November 8, 2011?
  • Do you think that the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of McCormick & Schmick's Seafood Restaurants, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Landry's Inc. for $8.75 per share.

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Rigrodsky & Long, P.A. Investigates McCormick & Schmick's Seafood Restaurants, Inc.'s Sale to Landry's Inc. for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of McCormick & Schmick’s Seafood Restaurants, Inc. (“MSSR” or the “Company”) (Nasdaq: MSSR) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Landry’s Inc. (“Landry’s”) in a transaction with an approximate value of $131.6 million.

Under the proposed agreement, Landry’s will commence a tender offer for all of the outstanding shares of MSSR common stock within 10 business days of November 8, 2011.  MSSR shareholders will receive $8.75 per share in cash for all outstanding shares of MSSR common stock tendered in the offer.  Tilman J. Fertitta, Chairman and CEO of Landry’s, already owns approximately 10.1% of MSSR’s outstanding stock, making him one of MSSR’s largest shareholders.

The investigation concerns whether MSSR’s board of directors adequately shopped the Company to obtain the best price possible for MSSR’s shareholders before entering into the agreement with Landry’s.  Indeed, according to Yahoo! Finance, at least one analyst has set a $9.00 per share price target for MSSR stock.

If you own the common stock of MSSR and purchased your shares before November 8, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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