SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into
Possible Breaches of Fiduciary Duty by the Board of CreXus Investment Corp.
in Connection with the Sale of the Company to Annaly Capital Management,
NEW YORK -- November 12, 2012
Levi & Korsinsky is investigating the Board of Directors of CreXus Investment
Corp. (“CreXus” or the “Company”) (NYSE: CXS) for possible breaches of
fiduciary duty and other violations of state law in connection with the sale
of the Company to Annaly Capital Management, Inc. (“Annaly”) (NYSE: NLY).
Click here to learn more about the investigation
http://zlk.9nl.com/crexus-investment-cxs, or call: 877-363-5972. There is no
cost or obligation to you.
Under the terms of the transaction, CreXus shareholders will receive $12.50
for each share of CreXus stock they own. The transaction has a total
approximate value of $839 million. Annaly already holds a 12.4% stake in
CreXus. The investigation concerns whether the CreXus Board of Directors
breached their fiduciary duties to CreXus stockholders by failing to
adequately shop the Company before entering into this transaction and whether
Annaly is underpaying for CreXus shares, thus unlawfully harming CreXus
stockholders. Annaly’s wholly owned subsidiary, Fixed Income Discount Advisory
Co. (FIDAC) manages CreXus, and two of FIDAC’s employees are on CreXus’ board
If you own common stock in CreXus and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York and Washington
D.C. The firm has extensive expertise in prosecuting securities litigation
involving financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have
been appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Levi & Korsinsky
Joseph E. Levi, Esq.
(212) 363-7500, toll-free: (877) 363-5972
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