Business & Finance
Business and Finance
Business and Finance
Fri, October 7, 2011
Thu, October 6, 2011 The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Crexus Investment Corporation
DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the board of Crexus Investment Corporation (aCrexusa) (NYSE: CXS) in connection with Crexusa™ acquisition of certain high-risk assets, the purchase of which may have breached the boarda™s fiduciary duties to shareholders.
"We are investigating these allegations to determine whether the Board of Directors acted in the shareholdersa™ best interests"
Additionally, it has been learned that, during the precipitous fall of Crexus shares to $8.43 per share as of September 13, 2011, the company refused a potentially lucrative merger proposal by Starwood Property Trust, which offered $14.00 per share. Powers Taylor, LLP and Willie Briscoe are investigating this conduct to determine if the board wasted corporate assets or breached their fiduciary duties. aWe are investigating these allegations to determine whether the Board of Directors acted in the shareholdersa™ best interests,a said shareholder rights attorney Willie Briscoe.
If you are an affected shareholder, and you want to learn more about the investigation or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
