We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of AG Mortgage Investment Trust, Inc. (“AG Mortgage” or the “Company”) (NYSE: MITT), in connection with its proposed merger with Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”).  Under the terms of the merger agreement, each share of WMC common stock will be converted at closing into the right to receive 1.5 shares of AG Mortgage common stock for a total of 9.2 million shares, pursuant to a fixed exchange ratio, and a cash payment equal to approximately 9.99% of the aggregate per share merger consideration (not to exceed $7 million in total).  Upon the closing of the transaction, AG Mortgage shareholders are expected to own approximately 69%, while WMC shareholders are expected to own approximately 31% of the combined company’s stock.

Weiss Law is investigating whether (i) AG Mortgage’s board acted in the best interests of Company shareholders in agreeing to the merger, (ii) the merger consideration being paid is fair to AG Mortgage’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com