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News
December 29, 2011
Gardy & Notis, LLP has been appointed by the Court as lead counsel for shareholders of The Student Loan Corporation (NYSE: STU) challenging a series of conflicted proposed transactions through which Citibank, N.A. -- Student Loan's controlling shareholder with 80% of Student Loan's common stock -- engineered a breakup of Student Loan's assets to rid itself of non-core banking assets at the expense of Student Loan's public shareholders.
December 28, 2011
Gardy & Notis, LLP has been appointed by the Court as lead counsel for shareholders of Primedia, Inc. (NYSE: PRM) seeking to recoup damages against Kolberg Kravis Roberts & Co. L.P., Henry R. Kravis, and other Primedia insiders based on allegations that KKR controls Primedia and used Primedia's inside information to buy Primedia securities at depressed prices and achieve roughly $150 million in insider trading profits.
December 27, 2011
Gardy & Notis, LLP has been appointed by the Court as lead counsel for shareholders of TravelCenters of America LLC (AMEX: TA) seeking to recoup damages against Barry Portnoy and the other directors of TravelCenters based on allegations that the board approved the company's acquisition of Petro Stopping Centers on terms that provided for TravelCenters to pay above-market rent to another Portnoy-created entity, Hospitality Properties Trust (NYSE: HPT). TravelCenters and Hospitality Properties Trust are part of a web of interrelated entities formed by Portnoy and managed and run through Portnoy's privately held company, Reit Management & Research, LLC.

 
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