Tennessee – Resolved Cases
Johnson v. W2007 Grace Acquisition I, Inc.
Jurisdiction: W.D. Tenn.
Case Status: Resolved
C&T secured a $72 million settlement in this class action on behalf of W2007 Grace preferred shareholders alleging that W2007 Grace and certain affiliates had breached the Company’s Charter and fiduciary duties by engaging in related-party transactions, withholding dividends, failing to disclose financial information, and engaging in insider trading.