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 email@example.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.
SOURCE Ryan & Maniskas, LLP