On February 14, 2017, the U.S. Securities and Exchange Commission ("SEC") announced that CVR had settled an SEC probe into its unsuccessful defense against Carl Icahn's 2012 hostile takeover bid. The investigation focused on whether CVR had properly accounted for the fees paid to Goldman Sachs and Deutsche Bank advisers to defend against Icahn's offer. CVR decided to settle the probe without admitting or denying wrongdoing, and the SEC said that CVR would not pay a penalty since it had taken remedial steps it because of its "extensive cooperation" with the probe. Following this news, CVR stock has dropped as much as $0.62 per share, or 2.84%, to a low of $21.23 during intraday trading on February 15, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of CVR, you can assist this investigation by visiting the firm's site: www.bgandg.com/cvi. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-cvr-energy-inc-cvi-300408107.html
SOURCE Bronstein, Gewirtz & Grossman, LLC