BALA CYNWYD, Pa., June 25, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Sun Healthcare
Group, Inc ("Sun Healthcare" or the "Company") (Nasdaq: SUNH)
relating to the proposed acquisition by Genesis HealthCare, LLC
("Genesis").
Under the terms of the transaction, Sun Healthcare shareholders
will receive $8.50 in cash for each
share of Sun Healthcare stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Sun Healthcare for not acting in
the Company's shareholders' best interests in connection with the
sale process to Genesis. The transaction may result in long term
holders of Sun Healthcare stock suffering substantial losses as Sun
Healthcare stock traded at $14.88 a
share as recently as February 8,
2011.
If you own shares of Sun Healthcare stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/441-sunh-sun-healthcare-group-inc.html, or
by calling toll free 877-LEGAL-90.
SOURCE Law office of Brodsky & Smith, LLC