Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Continucare Corp. (“Continucare” or the “Company”) (NYSE: CNU) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Metropolitan Health Networks Inc. (“Metropolitan”) (AMEX: MDF) in a deal valued at approximately $416 million. Under the terms of the proposed transaction, Continucare shareholders will receive $6.25 in cash and 0.0414 of Metropolitan common stock for each share. Shareholders who collectively own approximately 43% of Continucare outstanding stock have already approved the merger.

Request more information now by clicking here: www.faruqilaw.com/CNU

Whether Continucare’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Continucare’s shares and by how much this proposed transaction undervalues the Company to the detriment of Continucare’s shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Continucare and wish to obtain additional information, please visit us at www.faruqilaw.com/CNU or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:

Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212) 983-9330

Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Continuecare (NYSE:CNU)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Continuecare Charts.
Continuecare (NYSE:CNU)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Continuecare Charts.