NEW ORLEANS, May 13, 2016 /PRNewswire/ -- Former Attorney
General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of
Kahn Swick & Foti, LLC ("KSF") are investigating the proposed
sale of Morgans Hotel Group Co. ("Morgans" or the "Company")
(NASDAQ: MHGC) to SBE. Under the terms of the proposed transaction,
shareholders of Morgans will receive only $2.25 in cash for each share of Morgans that they
own. KSF is seeking to determine whether this consideration and the
process that led to it are adequate, or whether the consideration
undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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visit:http://www.prnewswire.com/news-releases/morgans-hotel-group-investor-alert-by-the-former-attorney-general-of-louisiana-kahn-swick--foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-morgans-hotel-group-co-300268629.html
SOURCE Kahn Swick & Foti, LLC
