Faruqi & Faruqi, LLP Launches An Investigation Against LaSalle Hotel Properties (LHO) Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LaSalle Hotel Properties (“LaSalle Hotel” or the “Company”) (NYSE: LHO) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the LaSalle Hotel Properties 2014 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 26, 2014, the Board of Directors recommends that LaSalle Hotel’s shareholders vote to approve the 2014 Equity Incentive Plan to authorize an issuance of 2,900,000 shares of the common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of LaSalle Hotel common stock.
If you own common stock in LaSalle Hotel and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.