BALA CYNWYD, Pa., June 25, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sun Healthcare Group, Inc ("Sun Healthcare" or the "Company") (Nasdaq: SUNH) relating to the proposed acquisition by Genesis HealthCare, LLC ("Genesis"). Under the terms of the transaction, Sun Healthcare shareholders will receive $8.50 in cash for each share of Sun Healthcare stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Sun Healthcare for not acting in the Company's shareholders' best interests in connection with the sale process to Genesis. The transaction may result in long term holders of Sun Healthcare stock suffering substantial losses as Sun Healthcare stock traded at $14.88 a share as recently as February 8, 2011. If you own shares of Sun Healthcare stock 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 visiting http://brodsky-smith.com/441-sunh-sun-healthcare-group-inc.html, or by calling toll free 877-LEGAL-90. SOURCE Law office of Brodsky & Smith, LLC
Sun Healthcare Group (Nasdaq:SUNH) hit a new 52-week low Monday as it is currently trading at $2.65, below its previous 52-week low of $2.67 with 9,047 shares traded as of 9:31 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.