Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Care Investment Trust Inc.
17 7월 2010 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Care Investment Trust Inc. (“Care Investment Trust” or the
“Company”) (NYSE:CRE) related to a tender offer transaction
commenced in connection with a purchase and sale agreement between
the Company and Tiptree Financial Partners, L.P. (“Tiptree”). Care
Investment Trust is a real estate investment and finance company
investing in healthcare-related real estate and commercial mortgage
debt.
The terms of the agreement provide for the sale of control of
Care Investment Trust through a tender offer by the Company to
purchase up to 100% of its currently issued and outstanding common
stock for $9.00 per share and an equity investment by Tiptree in
newly issued common stock of the Company also at $9.00 per share.
The investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the transaction by
Care Investment Trust’s board of directors.
If you own shares of Care Investment Trust, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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