Hurtado v. Gramercy Property Trust

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND RAUL HURTADO, et al., Plaintiffs Civil Action No. ELH-18-2711 v. GRAMERCY PROPERTY TRUST, et al., Defendants. MEMORANDUM OPINION This stockholder class action suit centers on a 220-page proxy statement (the “Proxy”) issued by Gramercy Property Trust (“Gramercy” or the “Company”), a real estate investment trust, in connection with the sale of Gramercy to an affiliate of the Blackstone Group L.P. (“Blackstone”). Plaintiff Raul Hurtado, a former shareholder of Gramercy, filed suit individually and on behalf of a putative class of…