Aug. 22, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Sunrise Senior Living, Inc. (“Sunrise” or the “Company”) (NYSE: SRZ) breached its fiduciary duty to its shareholders in agreeing to sell Sunrise to Health Care REIT, Inc. (NYSE: HCN).
Under the terms of the agreement, Sunrise shareholders will receive $14.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Sunrise, a shareholders and the process by which the Sunrise Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Sunrise stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at: (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.
