NEW YORK –The Law Offices of Vincent Wong are investigating the Board of Directors of La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE:LQ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Wyndham Worldwide Corporation (NYSE: WYN). Under the terms of the deal, La Quinta stockholders will receive $8.40 per share of La Quinta that they own, and La Quinta will spin off its owned real estate assets into a publicly-traded real estate investment trust.
The investigation concerns whether the La Quinta’s Board of Directors breached their fiduciary duties to La Quinta stockholders by failing to adequately shop the Company before entering into this transaction and whether Wyndham Worldwide Corporation is underpaying for La Quinta shares, thus unlawfully harming La Quinta stockholders.
If you own common stock in La Quinta and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or http://docs.wongesq.com/LQ-Info-Request-Form-1831.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.