Member access

4-Traders Homepage  >  Shares  >  Nyse  >  COMH REIT       

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CommonWealth REIT : Maryland State Court Upholds CommonWealth REIT's Arbitration Bylaw

05/08/2013 | 05:35pm US/Eastern

CommonWealth REIT (NYSE: CWH) today announced that the Circuit Court for Baltimore City (the "Court") referred to arbitration the pending litigation in the Court brought by Corvex Fund Management LP ("Corvex") and Related Fund Management, LLC's ("Related," and together with Corvex, "Corvex/Related"). All remaining issues in the litigation between CWH and Corvex/Related will be determined in the resulting arbitration. The Court also ordered Corvex/Related to pay the Court's costs in connection with its motions.

CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office properties located throughout the United States. CWH is headquartered in Newton, MA.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON CWH'S CURRENT EXPECTATIONS BUT THEY ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS REASONS, INCLUDING SOME REASONS BEYOND CWH'S CONTROL. FOR EXAMPLE:

  • THIS PRESS RELEASE SAYS THE CURRENT MARYLAND LITIGATION HAS BEEN REFERRED TO ARBITRATION. CORVEX/RELATED MAY APPEAL THIS DECISION AND IT MAY BE SUBSEQUENTLY OVERTURNED.
  • THE FACT THAT THE COURT UPHELD CWH'S ARBITRATION BYLAW MAY IMPLY THAT CWH WILL PREVAIL ON ALL ISSUES IN THE ARBITRATION. ARBITRATION RESULTS ARE UNCERTAIN AND THERE CAN BE NO ASSURANCE THAT CWH WILL PREVAIL.

FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE. EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW, CWH DOES NOT INTEND TO UPDATE THE FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE AS A RESULT OF NEW INFORMATION WHICH MAY COME TO ITS ATTENTION.

Investors
CommonWealth REIT
Carlynn Finn, 617-796-8222
Senior Manager, Investor Relations
or
Innisfree M & A Incorporated
Larry Miller/Jennifer Shotwell/Arthur Crozier
212-750-5833
or
Media
CommonWealth REIT
Timothy A. Bonang, 617-796-8222
Vice President, Investor Relations
or
Joele Frank, Wilkinson Brimmer Katcher
Andrew Siegel/Jonathan Keehner
212-355-4449


© Business Wire 2013
React to this article
Latest news on COMH REIT
12/08 EQUITY COMMONWEALTH : Repays $100 Million on Term Loan
11/18 EQUITY COMMONWEALTH : Announces Redemption of $125 million 7.5% Senior Notes
11/04 EQUITY COMMONWEALTH : Results of Operations and Financial Condition, Financial S..
11/04 EQUITY COMMONWEALTH : reports 3Q results
11/03 EQUITY COMMONWEALTH : Announces Third Quarter 2014 Results
10/31 SAM ZELL : EQUITY COMMONWEALTH FILES (8-K) Disclosing Change in Directors or Pri..
10/27 MONDAY SECTOR LEADERS : REITs, Airlines
10/13 EQUITY COMMONWEALTH : Announces Third Quarter 2014 Earnings Conference Call
10/01 EQUITY COMMONWEALTH : Terminates External Management Agreements
10/01 EQUITY COMMONWEALTH : Entry into a Material Definitive Agreement, Financial Stat..
Advertisement
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF