Ryan & Maniskas, LLP Announces Investigation of Crown Media Holdings Inc.

Mar 11, 2016, 10:30 ET from Ryan & Maniskas, LLP

WAYNE, Pa., March 11, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Crown Media Holdings Inc. ("Crown Media" or the "Company") (NASDAQ: CRWN) concerning possible breaches of fiduciary duty and other violations of law related to the Company's proposed acquisition by Hallmark Cards, Inc. ("Hallmark").

If you own shares of Crown Media and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/crwn.  You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com

Under the terms of the transaction, shareholders of Crown Media will receive $5.05 in cash for each share of Crown Media common stock. Hallmark and its affiliates currently own 90.3% of Crown Media outstanding stock.

Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Crown Media for not acting in the Company's shareholders' best interests in connection with the sale process. 

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.  To learn more about the class action process, please visit: www.rmclasslaw.com.

CONTACT:  Ryan & Maniskas, LLP Richard A. Maniskas, Esquire 995 Old Eagle School Rd., Suite 311 Wayne, PA 19087 877-316-3218 www.rmclasslaw.com/cases/crwn              rmaniskas@rmclasslaw.com 

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SOURCE Ryan & Maniskas, LLP