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News Release

NTS Realty Holdings, LP Proposed Buyout Investigated by the Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP


Published on 2012-09-04 09:51:29 - Market Wire
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DALLAS--([ ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of NTS Realty Holdings, LP (aNTSa) (NYSE MKT: NLP) related to a proposed buyout by its founder and Chairman and Chief Executive Officer for shareholders. Under the terms of the proposal, NTSas founder and Chairman, Mr. J.D. Nichols, and its Chief Executive Officer, Mr. Brian F. Lavin, would acquire all of the public limited partnership interests in NTS for $5.25 per share in cash. Currently, Messrs. Nichols and Lavin beneficially own 62% of NTSas limited partnership interest representing about 59% of its voting power.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

According to shareholder rights attorney Willie Briscoe, aThe investigation relates to the fairness of the proposed transaction to NTSas shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. In addition, the firms are actively investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of NTS in connection with the potential approval of this transaction, and whether NTSas Board of Directors is acting in the shareholdersa best interests.a

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.