BALA CYNWYD, Pa., March 11, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against Crown Media Holdings, Inc. ("Crown Media"
or "the Company") (Nasdaq- CRWN-News) for possible breaches of
fiduciary duty and other violations of state law in connection with
the announcement that Hallmark Cards, Inc. ("Hallmark") intends to
take Crown Media private.
Click here to learn more about the investigation
http://brodsky-smith.com/1051-crwn-crown-media-holdings-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Crown Media shareholders
will receive only $5.05 in cash for
each share of Crown Media stock they own. The investigation
concerns whether the sale to Hallmark, which is the largest
shareholder of Crown Media, violates State law and whether Hallmark
is underpaying for the Company. The transaction may undervalue the
Company and would result in a loss by many Crown Media
shareholders. For example, as Crown Media stock traded $6.08 per share as recently as November 6, 2015. In addition, Hallmark, pursuant
to a short-form merger, intends to bypass both Crown Media
shareholder and board approval.
If you own shares of Crown Media and wish to discuss the legal
ramifications of the investigation, 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 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1051-crwn-crown-media-holdings-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC