SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of CalAtlantic Group, Inc. Buyout

WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:

  • Do you own shares of CalAtlantic Group, Inc. (NYSE: CAA)?
  • Did you purchase any of your shares prior to October 30, 2017?
  • Do you think the proposed buyout is fair?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of CalAtlantic Group, Inc. (“CalAtlantic” or the “Company”) (NYSE: CAA) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Lennar Corporation (“Lennar”) (NYSE: LEN) in a transaction valued at approximately $9.6 billion. Under the terms of the agreement, shareholders of CalAtlantic will receive 0.885 shares of Lennar Class A common stock for each share of CalAtlantic common stock.

If you own common stock of CalAtlantic and purchased any shares before October 30, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, 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, or by e-mail at info@rl-legal.com.

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

Attorney advertising. Prior results do not guarantee a similar outcome.

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Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
Fax: 302-654-7530

Source: Rigrodsky & Long, P.A.