SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Crown Media Holdings, Inc.
15 Marzo 2016 - 4:05AM
Business Wire
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) 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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version on businesswire.com: http://www.businesswire.com/news/home/20160315005458/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1051-crwn-crown-media-holdings-inc.html
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