Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors ("Board") of ResCare, Inc. ("ResCare" or the "Company") (NASDAQ: RSCR) in connection with their efforts to sell ResCare to an entity sponsored by Onex Partners III, L.P. ("Onex"), an affiliate of Onex Corporation. If the transaction is completed, ResCare shareholders will receive $13.25 in cash for each share of ResCare common stock they hold. Notably, affiliates of Onex already control over 24% of the voting power of ResCare stock.

Robbins Umeda LLP's investigation concerns whether the ResCare Board undertook a fair process to obtain fair consideration for all shareholders of ResCare. Specifically, our investigation concerns whether the Company's Board breached their fiduciary duties to ResCare shareholders by failing to adequately shop the Company before entering into the transaction with the entity sponsored by Onex. Notably, at least one analyst set a price target for the Company at $14 per share. Additionally, less than a year ago, ResCare's stock traded as high as $15.12, 14% higher than the bid made by the entity sponsored by Onex.

If you are a shareholder of ResCare, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Advertisement

Robbins Umeda LLP
Gregory E. Del Gaizo, 800-350-6003
info@robbinsumeda.com