SHAREHOLDER ALERT: WeissLaw LLP Investigates the Acquisition of Monogram Residential Trust, Inc.

NEW YORK, July 11, 2017 /PRNewswire/ -- The proposed acquisition of Monogram Residential Trust, Inc. ("MORE" or the "Company") (NYSE: MORE) by a newly formed perpetual life fund led by Grey Real Estate Partners (the "Affiliates") is the subject of an examination by WeissLaw LLP.  On July 4, 2017, MORE announced it entered into an agreement to be acquired by the Affiliates in a transaction valued at approximately $3.0 billion.  Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each MORE stock they own.

WeissLaw is investigating whether MORE's Board acted to maximize stockholder value prior to entering into the agreement.  Notably, the Company recently announced positive financial results.  In May, MORE issued a press release reporting a 12.2% sequential increase in total proportionate NOI.  The Company also reported net income attributable to common stockholders of $76.0 million, a remarkable recovery from the net loss of $8.3 million MORE reported in the same period of the previous year. 

Given these facts, WeissLaw is investigating whether MORE's Board acted in the best interests of MORE's public stockholders to maximize stockholder value prior to entering into the agreement.  If you own MORE shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/monogram-residential-trust-inc/

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SOURCE WeissLaw LLP