Gibson Dunn, Skadden Do Battle Over Large REIT

, The Am Law Daily


One of the nation's largest real estate investment trusts is under fire from activist investors seeking to buy the REIT for $2.26 billion as their lawyers from Gibson, Dunn & Crutcher and Ober Kaler seek to block a controversial equity offering being handled by Sullivan & Worcester, whose former chairman Barry Portnoy heads the REIT in question. Skadden has been retained to head off the would-be buyers.

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