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pgrt.com

Stage

Acq - Fin | Alive

About Prime Group Realty Trust

Prime Group Realty Trust is a self-administered and self-managed real estate investment trust (REIT) which owns, manages, leases, develops and redevelops office and industrial real estate in metropolitan Chicago.In December 2012, Prime Group Realty Trust was acquired by Five Mile Capital Partners. The valuation of Prime Group Realty Trust was undisclosed. Other terms of the deal were not released.

Prime Group Realty Trust Headquarter Location

330 N Wabash Ave Suite 280

Chicago, Illinois, 60611,

United States

312-917-1300

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Latest Prime Group Realty Trust News

Berger & Montague, P. C. Announces Preliminary Approval of Settlement on behalf of Prime Group Realty Trust Series B 9% Cumulative Redeemable Preferred Stock

Feb 27, 2015

Calendar   Berger & Montague, P. C. Announces Preliminary Approval of Settlement on behalf of Prime Group Realty Trust Series B 9% Cumulative Redeemable Preferred Stock 02/27/2015 | 09:03am US/Eastern (You can enter multiple email addresses separated by commas) Message : *Required fields PHILADELPHIA, Feb. 27, 2015 /PRNewswire/ -- Berger & Montague, P. C. one of the Lead Counsel for a class action pending in United States District Court of Illinois announces today that subject to final approval by the Court, an $8.25 million settlement has been reached with defendants in the case, Fox v. Riverview Realty Partners, f/k/a Prime Group Realty Trust, et al. The proposed settlement has been achieved on behalf of holders of Prime Group Realty Trust's Series B 9% Cumulative Redeemable Preferred Stock during the period October 10, 2011 through December 26, 2012. On October 10, 2011, Prime Group Realty Trust agreed to sell voting control of the company to Five Mile by selling newly-issued common shares to Five Mile. Prior to such sale, Prime Group Realty Trust had no publicly-issued common shares and the Series B Shares were Prime Group Realty Trust's only publicly-issued shares. On December 26, 2012, Prime Group Realty Trust and Five Mile merged, forcing a cash-out of the Series B Shareholders. Plaintiff alleged that Prime Group Realty Trust breached their fiduciary duties by transferring control of Prime Group Realty Trust to Five Mile and forcing the holders to surrender their Series B Shares for inadequate compensation. Plaintiff also claimed that Five Mile was unjustly enriched. A hearing for final approval of the settlement is set for May 26, 2015. A copy of the Settlement Notice and Claim Form are available at www.primegrouprealtytrustlitigation.com and www.bergermontague.com . The Class, previously certified by the Court, is represented by Berger & Montague, P.C., Krislov & Associates, Ltd., and the Law Office of Gerald W. Berger. Media Contacts for Counsel:

  • Where is Prime Group Realty Trust's headquarters?

    Prime Group Realty Trust's headquarters is located at 330 N Wabash Ave, Chicago.

  • What is Prime Group Realty Trust's latest funding round?

    Prime Group Realty Trust's latest funding round is Acq - Fin.

  • Who are the investors of Prime Group Realty Trust?

    Investors of Prime Group Realty Trust include Five Mile Capital Partners.

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