Newman Ferrara LLP Announces Investigation of EVOQ Properties, Inc.

NEW YORK--(BUSINESS WIRE)--

Newman Ferrara LLP has begun an investigation into potential claims against the Board of Directors of EVOQ Properties, Inc. (“EVOQ”) EVOQ concerning its proposed sale to an entity established by affiliates of Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC, and USAA Real Estate Company.

Under the terms of the proposed transaction valued at approximately $357 million, EVOQ stockholders will receive approximately $12.96 in cash for each share of EVOQ stock owned, subject to certain adjustments provided for in the merger agreement. EVOQ's Board of Directors has unanimously approved the proposed transaction and expects it to close in October 2014.

Newman Ferrara's investigation concerns potential breaches of fiduciary duty and other violations of state law by EVOQ's Board of Directors. The investigation focuses on the potential unfairness of the consideration being provided to EVOQ's stockholders and the process by which EVOQ's Board of Directors considered and approved the proposed deal.

Concerned investors may contact Newman Ferrara attorney Roy Shimon at rshimon@nfllp.com to discuss this investigation, their rights, or potential remedies.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.