WAYNE, Pa., March 11, 2016 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Crown Media Holdings Inc. ("Crown Media" or the
"Company") (NASDAQ: CRWN) concerning possible breaches of fiduciary
duty and other violations of law related to the Company's proposed
acquisition by Hallmark Cards, Inc. ("Hallmark").
If you own shares of Crown Media and would like to learn more
about this class action or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/crwn. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the transaction, shareholders of Crown Media
will receive $5.05 in cash for each
share of Crown Media common stock. Hallmark and its affiliates
currently own 90.3% of Crown Media outstanding stock.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Crown Media for not acting in the Company's shareholders' best
interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas,
LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/crwn
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP