Merger of RELPs into a REIT

This case involved a proposed merger of four public real estate limited partnerships (RELPs) into a single real estate investment trust (REIT).

This case involved a proposed merger of four public real estate limited partnerships (RELPs) into a single real estate investment trust (REIT). A class action to prevent the merger was brought on behalf of the limited partners. Counsel for the defendant retained Cornerstone Research and five experts to develop testimony on the fairness of the transaction and on damages. The court subsequently granted summary judgment to the defendant.