Morton's Restaurant Group, Inc. Has Agreed to be Acquired by Tilman J. Fertitta

  • Do you own shares of Morton's Restaurant Group, Inc. (NYSE: MRT)?
  • Did you buy any shares before December 16, 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 Morton's Restaurant Group, 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 Tilman J. Fertitta for $6.90 per share in cash.

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Rigrodsky & Long, P.A. Investigates Morton's Restaurant Group, Inc.'s Sale to Tilman J. Fertitta for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Morton’s Restaurant Group, Inc. (“Morton’s” or the “Company”) (NYSE: MRT) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement with Tilman J. Fertitta’s wholly-owned company Fertitta Morton’s Restaurants Inc. (“Fertitta”), an affiliate of Landry’s, Inc., in a transaction with an approximate value of $116 million.

Under the proposed agreement, Fertitta will commence a tender offer no later than 10 business days from today for all outstanding common stock of Morton’s for $6.90 per share in cash.

The investigation concerns whether Morton’s board of directors adequately shopped the Company to obtain the best price possible for Morton’s shareholders before entering into the agreement with Fertitta.  Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $9.00 per share for Morton’s stock.  Moreover, Castle Harlan Partners III, L.P., which owns in the aggregate approximately 27.7% of the Company’s outstanding shares, has entered into an agreement pursuant to which it will tender its shares in the tender offer.

If you own the common stock of Morton’s and purchased your shares before December 16, 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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