According to a press release an investigation on behalf of American Land Lease, Inc. (NYSE: ANL) investors over possible shareholder claims arising from potential breaches of fiduciary duty by certain executives and directors of American Land Lease, Inc. was announced.

According to the press release by a law firm the investigation focuses on possible shareholder claims arising from potential breaches of fiduciary duty by certain executives and directors of American Land Lease, Inc. (NYSE: ANL) in connection with Green Courte Partners' proposed acquisition of all outstanding shares of American Land Lease, Inc. 's common stock at a price of $14.20 per share in cash. American Land Lease Inc. (ANL) is a self-administered and self-managed REIT engaged in the ownership, development, expansion, management, financing and refinancing, acquisition and disposition of residential land lease communities. According to the investigation the transaction is unfair, given that, among other things, 14.20 a share price is actually a discount over the closing price of American Land Leases stock just two months prior and totally undervalues American Land Lease.