Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Morgans Hotel Group Co. (NASDAQ: MHGC) acted responsibly on behalf of investors’ profitability in the planned $794 million sale to SBE.

On May 09, 2016, Morgans Hotel Group Co. (NASDAQ: MHGC) and SBE announced that they had entered into a merger agreement. Under the terms of the merger agreement, SBE will offer Morgans shareholders $2.25 per share in cash for all outstanding shares.    

Based in New York, New York, and founded in 2005 Morgans Hotel Group Co. owns, develops, operates, and licenses boutique hotels.

The investigation focuses on whether NASDAQ: MHGC investors received the highest price and whether the directors of Morgans Hotel Group Co. acted in the best interest of Morgans Hotel Group company and its shareholders.   

If you purchased Morgans Hotel Group Co. (NASDAQ: MHGC) prior to May 09, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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