In re Piedmont Office Realty Trust Securities Litigation (Washtenaw County Employees Retirement System v. Piedmont Office Realty Trust, Inc., et al. (f/k/a Wells Real Estate Investment Trust, Inc.))

On behalf of Washtenaw County ERS and a proposed class of Piedmont shareholders, C&T filed in late-2007 a federal securities class action lawsuit against certain directors of Piedmont charging them with violations of the federal securities laws and breaches of fiduciary duties owed to the shareholders by virtue of defendants’ recommendation that shareholders reject a mid-2007 tender offer made for the shareholders’ stock and defendants’ recommendation to shareholders to vote in favor of making a material change to the Company’s charter that would result in a loss of an important benefit to the shareholders (a timely liquidity event). C&T was appointed Co-Lead Counsel in April 2008 and filed an Amended Complaint on April 21, 2008.  Defendants have filed a Motion to Dismiss the Amended Complaint, which Plaintiff and Co-Lead Counsel is vigorously opposing.

Case 1:07-cv-02660 (U.S.D.C. N.D. GA)