(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Lodgian, Inc. (NYSE: LGN) by an affiliate of Lone Star Real Estate Fund, L.P. The firm’s investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of LGN may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.

On January 22, 2010, the companies announced that they had entered into a merger agreement for Lone Star to acquire Lodgian in a $270 million transaction expected to close during the second quarter of 2010. According to the agreement, Lodgian shareholders will receive $2.50 cash per share, which represents a 40% premium over the closing price on January 21, 2010 before the deal was announced. The 52 week high for Lodgian was $3.20, closing at $2.00 as recently as November 2009

If you are a current holder of LGN and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.