NASDAQ CM
CIFC

CIFC LLC

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of CIFC LLC (NASDAQ CM: CIFC) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of CIFC LLC (“CIFC” or the “Company”) (NASDAQ CM: CIFC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by F.A.B. Partners (“F.A.B.”), in a transaction valued at approximately $333 million.

Under the terms of the agreement, shareholders of CIFC will receive $11.46 in cash for each share of CIFC common stock - $11.36 per share as consideration in the merger, plus a $0.10 per share distribution.  The CIFC Board has declared a cash distribution of $0.10 per share to be paid on September 12, 2016 to shareholders of record as of the close of business on August 31, 2016.

The investigation concerns whether CIFC’s board of directors failed to adequately shop the Company and obtain the best possible value for CIFC shareholders before entering into an agreement with F.A.B.

If you own the common stock of CIFC and purchased your shares before August 19, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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