Law Firm Brower Piven Announces Investigation of Centerline Holding Company Proposed Buyout
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Centerline Holding Company (“Centerline” or the “Company”) (OTC: CLNH) and other violations of state law by the board of directors of Centerline relating to the proposed buyout of the Company by Hunt Companies, Inc. The firm’s investigation seeks to determine, among other things, whether the board of directors of Centerline breached their fiduciary duties by failing to maximize shareholder value.
According to the joint press release announcing the proposed buyout, Centerline shareholders will receive $39.89 in cash for each share of Centerline common stock they own. Centerline stock traded above the deal price as recently as June 7, 2013.
If you currently own common stock of Centerline and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
KEYWORDS: United States North America Maryland