Acquisition of Morgans Hotel Group Co. (NASDAQ:MHGC) by SBE Faces Investigation for Investors

San Diego, CA -- (SBWIRE) -- 05/19/2016 -- The acquisition of Morgans Hotel Group Co by SBE is under investigation over possible wrongdoing. The investigation was announced for investors, who currently hold NASDAQ:MHGC shares, concerning whether the takeover of Morgans Hotel Group Co. by SBE for $2.25 per share is unfair to NASDAQ:MHGC stockholders.