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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.