Bernstein Liebhard LLP Announces Investigation of CVR Energy, Inc.
February 29, 2012 Bernstein Liebhard LLP is investigating whether the Board of Directors of CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) is breaching its fiduciary duty to the Company’s shareholders in connection with Icahn Partners LP’s premium tender offer for CVR Energy. As reported, CVR Energy shareholders would receive $30.00 per share in cash, plus a contingent value right for each share they own. The investigation is focused on whether CVR Energy’s Board of Directors is adequately considering Icahn Partners LP’s premium tender offer and/or whether they are putting the Company up for sale.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.