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NTS Realty Holdings LP Message Board

  • ihatesachinshah ihatesachinshah Jan 30, 2013 7:38 AM Flag



    LOUISVILLE, KY--(Marketwire - Jan 29, 2013) - ( NYSE MKT : NLP ) -- NTS Realty Holdings Limited Partnership (the "Company") announced today that on January 27, 2013, the Company received notice that a putative class action lawsuit was filed on January 25, 2013 in the Jefferson County Circuit Court of the Commonwealth of Kentucky against the Company, each of the members of the board of directors of the Company's managing general partner, NTS Realty Capital, Inc. ("Realty Capital"), NTS Realty Partners, LLC, Realty Capital, NTS Merger Parent, LLC and NTS Merger Sub ("Merger Sub") alleging, among other things, that the board of directors breached their fiduciary duties to the unitholders of the Company in connection with the board's approval of the merger between Merger Sub and the Company (the "Merger"). The complaint seeks, among other things, to enjoin the defendants from completing the Merger as currently contemplated.

    To receive a copy of the complaint and to obtain more information including your rights as a shareholder, at no cost, please contact the law firm Tripp Levy PLLC at 1-877-772-3975 or email at contact @ tripplevy

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