SHAREHOLDER ALERT: Weiss Law I
NEW YORK, May 9, 2022 /PRNewswire/ — Weiss Law is investigating possible breaches of fiduciary duty and other breaches of law by the board of directors of Watermark Lodging Trust, Inc. (“Watermark” or the “Company”) ( OTC: WRMK), in connection with the proposed acquisition of the Company by funds managed by Brookfield. Under the terms of the merger agreement, shareholders of the Company will receive $6.768 in cash for each Class A share of Watermark common stock held and $6.699 in cash for each Class T share of Watermark common stock held. The transaction is valued at approximately $3.8 billion.
If you own Watermark actions and wish to discuss this survey or have questions about this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7e Floor
New YorkNY 10007
Weiss Law is investigating whether (i) Watermark’s board of directors acted in the best interests of the company’s shareholders in agreeing to the proposed transaction, (ii) the merger consideration per share adequately compensates Watermark shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of shareholder class and derivative actions for breach of corporate and fiduciary duties. We’ve recovered over $1 billion for defrauded customers and won significant corporate governance relief in many of those cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumer rights (including false advertising, defective products or other deceptive marketing practices), or anti-trust violations, please email us at [email protected]
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SOURCE Weiss’ Law