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Centerline Holding Company (CLNH)

(OTC Markets: CLNH)

Summary

Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Centerline Holding Company Over the Proposed Sale of the Company to Hunt Companies, Inc.

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Centerline Holding Company (“Centerline” or the “Company”) (OTC Markets: CLNH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Hunt Companies, Inc.  Under the terms of the proposed transaction, Centerline’s stockholders will receive $39.89 for each share of Centerline common stock they own.

The investigation focuses on whether Centerline’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Centerline’s shareholders. 

If you own common stock in Centerline and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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    Centerline Holding Company (CLNH)
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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Case Details

Date:

  • 06/18/2013

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