Law Office of Brodsky & Smith, LLC Announces Investigation of Care Investment Trust
18 July 2010 - 1:12AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Care Investment Trust (“Care” or the “Company”) (NYSE: CRE)
relating to the proposed acquisition by Tiptree Financial Partners,
L.P. (“Tiptree”). The proposed transaction contemplates an issuance
of common stock by Care to Tiptree and a cash tender offer of $9.00
per share made to Care shareholders.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law related to the Care board’s
approval of the proposed transaction. The transaction appears to be
unfair, in part, given that Care stock was trading at $8.91 a share
as recently as June 14, 2010 and traded at $8.95 a share on April
26, 2010.
If you own shares of Care and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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