LAWSUIT ALERT: The Law Firm of Andrews & Springer LLC Announces That a Law Firm Has Filed a Class Action Lawsuit Against EVOQ Properties, Inc. - EVOQ

WILMINGTON, Del., Sept. 16, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed in the California Superior Court, Los Angeles County, Case No. BC556203 on behalf of stockholders of EVOQ Properties, Inc. EVOQ ("EVOQ" or the "Company") seeking to challenge the Company's recently announced merger.

If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. 

According to the lawsuit, on August 18, 2014, EVOQ announced the signing of a definitive merger agreement pursuant to which an entity formed by affiliates of Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC and USAA Real Estate Company (the "Investor Group") would acquire EVOQ in a merger valued at roughly $357.4 million. As a result of the merger, EVOQ shareholders are only anticipated to receive $12.96 per share in cash in exchange for each share of EVOQ.

The complaint, which was filed on August 27, 2014, alleges that the consideration that EVOQ shareholders are expected to receive is unfair and inadequate. The complaint further alleges that EVOQ's board of directors placed its immediate desire to attract long-term capital and did not adequately shop and market the Company.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.