updated 4/5/2011 10:16:41 AM ET 2011-04-05T14:16:41

NEW YORK, April 5, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of McCormick & Schmick's Seafood Restaurant ("MSSR" or the "Company") concerning the proposed acquisition of MSSR by Tilman J. Fertitta ("Fertitta") and LSRI Holdings, Inc., which is a subsidiary of Landry Restaurants, Inc. The transaction is valued at $137.3 million.

The investigation concerns, among other things, possible breaches of fiduciary duty by the Company's officers and directors. Fertitta is paying $9.25 per share in cash for all shares of McCormick not already owned by Fertitta or his affiliates. Fertitta owns directly approximately 10.1% of outstanding MSSR stock.

MSSR shareholders seeking more information about this acquisition are advised to contact Fei-Lu Qian at flqian@pomlaw.com or 212-661-1100 (ext. 241) or toll free at 888-476-6529, (ext. 241). Shareholders may also contact Rachelle R. Boyle at rrboyle@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT: Rachelle R. Boyle
         Pomerantz Haudek Grossman & Gross LLP
         888-476-6529 (ext. 237)
         212-661-1100 (ext. 237)

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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