EQUITY ALERT: The Rosen Law Firm Announces Investigation of Ryland Group Inc. Concerning its Proposed Sale to Standard Pacifi...
June 22 2015 - 6:31PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of Ryland Group
Inc. (NYSE:RYL) for possible breaches of fiduciary duty and other
violations of law by failing to adequately shop Ryland to maximize
shareholder value before agreeing to be acquired by Standard
Pacific Corp. (NYSE:SPF).
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-649.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive 1.0191 shares of Standard Pacific for each share of Ryland
common stock they own. The investigation relates to whether the
proposal is fair to the public shareholders of Ryland and whether
Ryland’s Board breached its fiduciary duties in connection with the
proposed sale.
If you currently own shares of Ryland and wish to obtain
additional information, please visit the firm’s website at
http://rosenlegal.com/cases-649.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150622006461/en/
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.com