Press release from PR Newswire
SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Sunrise Senior Living Inc. in Connection with the Sale of the Company to Health Care REIT Inc.
Tuesday, August 28, 2012
SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Sunrise Senior Living Inc. in Connection with the Sale of the Company to Health Care REIT Inc.18:13 EDT Tuesday, August 28, 2012NEW YORK, Aug. 28, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Sunrise Senior Living Inc. ("Sunrise" or the "Company") (NYSE: SRZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Health Care REIT Inc. (NYSE: HCN).(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )Click here to learn more about the investigation: http://zlk.9nl.com/sunrise-senior-living-srz, or call: 877-363-5972. There is no cost or obligation to you.Under the terms of the transaction, Sunrise shareholders will receive $14.50 per share of Sunrise stock they own. The transaction has a total approximate value of $845 million. The investigation concerns whether the Sunrise Board of Directors breached their fiduciary duties to Sunrise stockholders by failing to adequately shop the Company before entering into this transaction and whether Health Care REIT Inc. is underpaying for Sunrise shares, thus unlawfully harming Sunrise stockholders.If you own common stock in Sunrise and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/sunrise-senior-living-srz. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP