QTS Realty Trust

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Ademi LLP is investigating QTS Realty Trust (NYSE: QTS) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone.

Ademi LLP alleges QTS Realty’s financial outlook is excellent and yet QTS Realty shareholders will receive only $77. The merger agreement unreasonably limits competing bids for QTS Realty by prohibiting solicitation of further bids, and imposing a termination penalty if QTS Realty accepts a superior bid. QTS Realty insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of QTS Realty’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for QTS Realty.