Wolf Popper LLP Files Class Action on Behalf of Shareholders of Lodgian Inc.

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Lodgian	AMEX:LGN	AMEX	Ordinary Share

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Wolf Popper LLP Files Class Action on Behalf of Shareholders of Lodgian Inc.

03/02/2010 1:00pm

PR Newswire (US)

Lodgian (AMEX:LGN)
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NEW YORK, Feb. 3 /PRNewswire/ -- On January 29, 2010, Wolf Popper LLP filed a class action lawsuit on behalf of United Capital Corp. and other public shareholders of Lodgian Inc. ("Lodgian" or the "Company") (AMEX:LGN), in the Delaware Court of Chancery. United Capital Corp. owns approximately 9.9% of the outstanding common shares of Lodgian. The lawsuit seeks injunctive and other appropriate relief relating to the proposed acquisition of Lodgian's public shares pursuant to a merger whereunder an affiliate of Lone Star Funds is seeking to acquire Lodgian (the "Merger Agreement") for $2.50 per share. The lawsuit alleges, among other things, that Lodgian's Board of Directors failed to conduct an auction or an adequate market check before entering into the Merger Agreement which contains provisions that act to discourage a potential superior proposal by another acquiror. The Complaint also contends that the $2.50 per share price is unfair and inadequate. If you have any information concerning this action, please contact attorneys Chet B. Waldman or James Kelly-Kowlowitz. Contact information: Chet B. Waldman, Esq. or James Kelly-Kowlowitz, Esq. Wolf Popper LLP 845 Third Avenue New York, NY 10022 Tel.: 212.759.4600 or 877.370.7703 (toll free) Fax: 212.486.2093 or 877.370.7704 (toll free) Email: website: http://www.wolfpopper.com/ DATASOURCE: Wolf Popper LLP CONTACT: Chet B. Waldman, Esq. or James Kelly-Kowlowitz, Esq., Wolf Popper LLP, +1-212-759-4600 or 877.370.7703 (toll free), Web Site: http://www.wolfpopper.com/

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