The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of CVR En...
18 2월 2012 - 4:52AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
CVR Energy Inc. (“CVR” or the “Company”) (NYSE: CVI) for possible
breaches of fiduciary duty and other violations of state law in
connection with a merger proposal from Carl Icahn. Under the terms
of the proposed merger, CVR shareholders would receive $30 per
share of CVR stock they own, plus a Contingent Value Right. The
Contingent Value Right would entitle holders to an additional
payment equal to the value that the Company is sold for in excess
of $30 per share.
Click here to learn more about the investigation:
http://www.zlk.com/cvr-energy-cvi, or call: 877-363-5972. There is
no cost or obligation to you.
The firm’s investigation seeks to determine, among other things,
whether the Board of CVR breached its fiduciary duties by adopting
a poison pill takeover defense that would impede the sale of the
Company. On February 16, 2012, The Wall Street Journal reported the
Board adopted the poison pill immediately after Mr. Icahn took a
stake in CVR.
If you own common stock in CVR and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CVR Energy (NYSE:CVI)
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CVR Energy (NYSE:CVI)
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