Ryan & Maniskas, LLP Announces Investigation of Continucare Corp.
29 June 2011 - 12:23AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/cnu) is
investigating potential claims against the board of directors of
Continucare Corp. ("Continucare" or the "Company") (NYSE: CNU)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company’s efforts to sell Continucare to
Metropolitan Health Networks, Inc. (“Metropolitan”) in a
transaction valued at approximately $416 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Continucare. For more information regarding
our investigation, please contact Ryan & Maniskas, LLP (Richard
A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/cnu.
Under the terms of the definitive agreement, Continucare
shareholders will get $6.25 in cash and 0.0414 of Metropolitan
common stock for each share that they own.
If you own shares of Continucare and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/cnu. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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