CreXus Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP
Investigate Sale to Annaly Capital Management
DALLAS -- February 1, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of CreXus Investment Corp. (“CreXus”) (NYSE: CXS) to
Annaly Capital Management, Inc. for shareholders. Under the terms of the
proposed deal, CreXus shareholders will only receive $13.00 in cash for each
share of CreXus stock owned.
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
email@example.com. There is no cost or fee to you.
The CreXus sale investigation centers on whether CreXus’ shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues CreXus’ stock, and whether CreXus’ board attempted to
obtain the highest share price for all shareholders prior to agreeing to the
deal. According to shareholder rights attorney Willie Briscoe, “due to the
proposed sale price, the recent performance of CreXus and other factors, we
believe this transaction may undervalue CreXus’ stock. Our proposed lawsuit
will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607
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