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.