Most of the actions have no merit if PL comes in and continues as a REIT...you get your dividend..so where's your claim. IMHO I don't think the actions have any legs left to them. PZN is a screaming buy at this price(providing) that the needed changes are made to management and to the business plan. PL or anyone coming in to take the reins WILL make those changes to insure success. Which leads me to firmly believe that Doc and Jr.are history...and eventually the balance of BOD.
There is also a class action suit that claims shareholder loss due to becoming a REIT. This one has the potential to be more troublesome, especially if de-reiting causes an appreciable difference in the stock price. Still, it seems that any company that suffers a price decline these days will have a class action suit pending. It would be good to get it all settled so that PZN can move on without the baggage.