Faruqi and Faruqui, LLP Logo
Share this page

Associated Estates Realty Corp. (AEC)

(NYSE: AEC)

Summary

ASSOCIATED ESTATES REALTY CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Associated Estates Realty Corp. Over the Proposed Sale of the Company to Brookfield Asset Management, Inc. - AEC

April 23, 2015 – 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 Associated Estates Realty Corp. (“Associated Estates Realty” or the “Company”) (NYSE: AEC) for potential breaches of fiduciary duties in connection with the sale of the Company to Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM) for approximately $2.5 billion in a cash transaction.  The Company’s stockholders will receive $28.75 for each share of Associated Estates Realty common stock they own.

The investigation focuses on whether Associated Estates Realty’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Associated Estates Realty’s shareholders.

If you own common stock in Associated Estates Realty and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Associated Estates Realty Corp. (AEC)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/23/2015

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.