BALA CYNWYD, Pa., May 18, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Trade Street
Residential, Inc. ("Trade Street" or "the Company") (Nasdaq
-TSRE-News) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Independence Realty Trust, Inc. ("IRT").
Click here to learn more about the investigation
http://brodsky-smith.com/937-tsre-trade-street-residential-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Trade Street shareholders
will receive only 0.4108 of a share of IRT stock and $3.80 in cash for each share of Trade Street
stock they own. The transaction values Trade Street at only
approximately $7.32 per share. The
investigation concerns whether the Board of Trade Street
breached their fiduciary duties to shareholders and whether IRT is
underpaying for Trade Street. The transaction may undervalue Trade
Street and would result in a loss for many Trade Street
shareholders. For example, an analyst has placed a $8.50 per share price target on Trade Street
stock and Trade Street stock traded at $8.20 per share on January
30, 2014.
If you own shares of Trade Street and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004 by visiting
http://brodsky-smith.com/937-tsre-trade-street-residential-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC