BALA CYNWYD, Pa., Oct. 29, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC today announced that a class action has been commenced on behalf of all holders of Rentech Nitrogen Partners, LP ("Rentech" or the "Partnership") (NYSE- RNF- News) common units in the United States District Court for the Central District of California relating to the proposed acquisition by CVR Partners, LP ("CVR") (the "Proposed Transaction").
If you are a Rentech unitholder and wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Jason Brodsky or Evan Smith of Brodsky & Smith, LLC at (877) LEGAL-90 by visiting http://brodsky-smith.com/997-rnf-rentech-nitrogen-partners-lp.html, or via e-mail at [email protected]. There is no cost or obligation to you. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Rentech is a nitrogen fertilizer company formed by Rentech, Inc. as a publicly traded master limited partnership. The complaint alleges that Rentech and its Board violated its Limited Partnership Agreement and breached their duties to Rentech unitholders and that Rentech and CVR aided and abetted such violation, in connection with their attempt to consummate the Proposed Transaction pursuant to an unfair process and for an unfair price. In addition, the complaint alleges that Rentech and the Board, through CVR, disseminated a false and misleading Registration Statement on Form S-4 (the "S-4") in violation of §14(a) of the 1934 Act and Rule 14a-9 promulgated thereunder in connection with the Proposed Transaction.
On August 9, 2015, Rentech and CVR entered into a definitive agreement (the "Merger Agreement") whereby CVR would acquire all outstanding units of Rentech. Thereafter, on September 17, 2015, defendants caused the S-4 to be filed with the SEC and disseminated in connection with the Proposed Transaction. The complaint alleges the S-4 contains a number of false and misleading statements that are material to unitholders who are expected to rely upon the S-4 to determine whether to approve the Proposed Transaction. The S-4 omits a number of material facts necessary to make statements made therein not false and misleading, including the events leading to the Merger Agreement, the analyses conducted by the Board's financial advisor, and Rentech's prospective financial information.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case 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 successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC