BALA CYNWYD, Pa., March 11, 2016 /PRNewswire/ -- 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-News) 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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