SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Diversified Healthcare Trust (Nasdaq – DHC)
BALA CYNWYD, Pa., July 10, 2023 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Diversified Healthcare Trust (“Diversified Healthcare” or the “Company”) (Nasdaq – DHC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company to Office Properties Income Trust (“Office Properties”).
- BALA CYNWYD, Pa., July 10, 2023 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Diversified Healthcare Trust (“Diversified Healthcare” or the “Company”) (Nasdaq – DHC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company to Office Properties Income Trust (“Office Properties”).
- Under the terms of the Agreement, Diversified Healthcare shareholders will receive only 0.147 shares of Office Properties for each share of Diversified Healthcare common stock they own.
- The investigation concerns whether the Diversified Healthcare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Office Properties is paying too little for the Company.
- Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.