Rigrodsky & Long, P.A. Announces Investigation Of Sun Healthcare Group, Inc. Buyout
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sun Healthcare Group, Inc. (“Sun Healthcare” or the “Company”) (NASDAQ GS: SUNH) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Genesis HealthCare (“Genesis”) in a transaction valued at approximately $275 million, including debt.
Click here to learn more: http://www.rigrodskylong.com/investigations/sun-healthcare-group-inc-sunh.
Under the terms of the proposal, public shareholders of Sun Healthcare will receive $8.50 per share in cash for each share of Sun Healthcare they own.
The investigation concerns whether Sun Healthcare’s board of directors failed to adequately shop the Company and obtain the best possible price for Sun Healthcare’s shareholders before entering into an agreement with Genesis.If you own the common stock of Sun Healthcare and purchased your shares before June 20, 2012, 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 Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/sun-healthcare-group-inc-sunh. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
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