NYSE
IRC

Inland Real Estate Corporation

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Inland Real Estate Corporation (NYSE: IRC) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Inland Real Estate Corporation (“Inland” or the “Company”) (NYSE: IRC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by real estate funds managed by DRA Advisors LLC (“DRA”), in a transaction valued at approximately $2.3 billion.

Under the terms of the agreement, shareholders of Inland will receive $10.60 in cash for each share of Inland common stock.

The investigation concerns whether Inland board of directors failed to adequately shop the Company and obtain the best possible value for Inland shareholders before entering into an agreement with DRA.  According to Yahoo! Finance, at least one analyst has issued a price target for Inland stock at $12.00 per share.

If you own the common stock of Inland and purchased your shares before December 15, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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