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Behringer Harvard REIT I, Inc. BH REIT Securities Lawsuit

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Company: Behringer Harvard REIT I, Inc.
Ticker Symbol: BH REIT
Class Period: Feb-19-03 to Sep-18-12
Date Filed: Sep-18-12
Lead Plaintiff Deadline: Nov-17-12
Court: Northern District of Texas
Allegations:
Los Angeles, CA: A securities class action lawsuit has been filed on behalf of investors of Behringer Harvard REIT I, Inc. ("BH REIT"or the "Company) in the United States District Court for the Northern District of Texas on behalf of all persons who were shareholders of record of BH REIT common stock as of April 1, 2011 and were entitled to vote on the Schedule 14 that BH REIT filed with the SEC on that date (the "Proxy Class") as well as all persons who were entitled to tender their BH REIT shares pursuant to the Tender Offer Statements on Schedule TO under Section 14(d)(1) or 13(e)(1) of the Exchange Act, filed with the SEC by CMG Legal Income Funds on August 23, 2011 and February 23, 2012 (the "Tender Class").

Additionally, the complaint seeks recovery for shareholders who purchased or otherwise acquired shares in BH REIT from February 19, 2003 to the present (the "Class") for breach of fiduciary duty by the Company and its directors and officers.

BH REIT, together with its wholly owned subsidiaries, is a real estate investment trust that owns 57 properties located in 21 states and the District of Columbia. The Complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material information to the Proxy Class in a Schedule 14(a) filed on April 1, 2011 that sought to amend the Company' charter to require any person making a tender offer to comply with the provision of Regulation 14D of the Securities and Exchange Act of 1934. The Complaint alleges that the Schedule 14(a) misrepresented Defendants' motive for seeking to amend the Company' charter. Additionally, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose material information to the Tender Class in Schedule 14D-9(s) filed on September 7, 2011 and February 23, 2012 in response to Tender Offers the Company' shareholders had received.

The Complaint alleges that the 14D-9(s) misrepresented the value of the Company and information regarding past distributions that the Company had made to its shareholders. Further, the Complaint alleges that Defendants have breached their fiduciary to duties to all BH REIT shareholders.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Behringer Harvard REIT I, Inc. BH REIT Securities Fraud Legal Help

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Published on Sep-19-12

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