Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Care Investment Trust (“Care” or the “Company”) (NYSE: CRE) relating to the proposed acquisition by Tiptree Financial Partners, L.P. (“Tiptree”). The proposed transaction contemplates an issuance of common stock by Care to Tiptree and a cash tender offer of $9.00 per share made to Care shareholders.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Care board’s approval of the proposed transaction. The transaction appears to be unfair, in part, given that Care stock was trading at $8.91 a share as recently as June 14, 2010 and traded at $8.95 a share on April 26, 2010.
If you own shares of Care and wish to discuss the legal ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.