NEW YORK, April 11, 2014 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of LaSalle Hotel Properties ("LaSalle Hotel" or the
"Company") (NYSE: LHO) for potential breaches of fiduciary duties
in connection with their conduct in seeking shareholders' approval
of the LaSalle Hotel Properties 2014 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on March 26, 2014, the Board of Directors recommends
that LaSalle Hotel's shareholders vote to approve the 2014 Equity
Incentive Plan to authorize an issuance of 2,900,000 shares of the
common stock. The issuance of the additional shares could
have a substantial dilutive effect on the shares of LaSalle Hotel
common stock.
Request more information now by clicking here:
www.faruqilaw.com/LHO. There is no cost or obligation to
you.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
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If you own common stock in LaSalle Hotel and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/LHO or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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