Company Website:
http://zlk.9nl.com/crexus-investment-cxs
NEW YORK -- (Business Wire)
Levi & Korsinsky is investigating the Board of Directors of CreXus
Investment Corp. (“CreXus” or the “Company”) (NYSE: CXS) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Annaly Capital Management,
Inc. (“Annaly”) (NYSE: NLY).
Click here to learn more about the investigation http://zlk.9nl.com/crexus-investment-cxs,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, CreXus shareholders will receive
$12.50 for each share of CreXus stock they own. The transaction has a
total approximate value of $839 million. Annaly already holds a 12.4%
stake in CreXus. The investigation concerns whether the CreXus Board of
Directors breached their fiduciary duties to CreXus stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Annaly is underpaying for CreXus shares, thus
unlawfully harming CreXus stockholders. Annaly’s wholly owned
subsidiary, Fixed Income Discount Advisory Co. (FIDAC) manages CreXus,
and two of FIDAC’s employees are on CreXus’ board of directors.
If you own common stock in CreXus and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/crexus-investment-cxs.
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
Contacts:
Levi & Korsinsky
Joseph E. Levi, Esq.
(212) 363-7500,
toll-free: (877) 363-5972
jlevi@zlk.com
http://zlk.9nl.com/crexus-investment-cxs
Source: Levi & Korsinsky
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