Faruqi & Faruqi, LLP Announces the Investigation of WCI Communities, Inc. (WCIC) Over the Proposed Sale of the Company to Lennar Corporation
Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of WCI Communities, Inc. (“WCI” or the “Company”) (NYSE:WCIC) for potential breaches of fiduciary duties in connection with the sale of the Company to Lennar Corporation for approximately $643 million.
The Company’s stockholders will only receive $11.75 in cash and a fraction of a share of Lennar Class A common stock with a value of $11.75, a total of $23.50, for each share of Company common stock they own. However, the offer is below the 52-week high price of $25.00 per share.
If you own common stock in WCI and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 971-1341.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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