Bernstein Liebhard LLP Announces Investigation of Continucare Corporation
28 June 2011 - 12:44AM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Continucare Corporation (“Continucare” or the
“Company”) (NYSE: CNU) breached its fiduciary duty to its
shareholders in agreeing to sell Continucare to Metropolitan Health
Networks, Inc. (“Metropolitan”).
Under the terms of the agreement, Continucare shareholders will
receive $6.25 per share in cash, and 0.0414 of a share of
Metropolitan common stock for each share they own. The
investigation is focused on the potential unfairness of the price
to Continucare shareholders and the process by which the
Continucare Board of Directors considered and approved the
transaction.
If you are interested in discussing your rights as a Continucare
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last eight years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414. The
lawyer responsible for this advertisement in the State of
Connecticut is Mary U. Hoover. Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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