NEW YORK, June 02, 2017 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Forestar Group Inc. (“Forestar Group” or the “Company”) (NYSE:FOR) in the United States District Court for the Western District of Texas for violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”) in connection with the plan of merger (the “Merger Agreement”) with Forestar Group and Terra Firma Merger Parent, L.P. (“Parent”) and Terra Firma Merger Sub, L.P. (“Merger Sub,” and together with Parent and Starwood Capital Group, “Starwood”). Pursuant to the terms of the Merger Agreement, shareholders of Forestar will receive $14.25 per share in cash.
On May 19, 2017, the Company filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.
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