N@N

Law Office of Brodsky & Smith, LLC Announces Investigation of Care Investment Trust

^{Published on 2010-07-17 08:45:53 - Market Wire}
 

BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Care Investment Trust (aCarea or the aCompanya) (NYSE: CRE) relating to the proposed acquisition by Tiptree Financial Partners, L.P. (aTiptreea). The proposed transaction contemplates an issuance of common stock by Care to Tiptree and a cash tender offer of $9.00 per share made to Care shareholders.

The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Care boarda™s approval of the proposed transaction. The transaction appears to be unfair, in part, given that Care stock was trading at $8.91 a share as recently as June 14, 2010 and traded at $8.95 a share on April 26, 2010.

If you own shares of Care and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.