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8-K - FORM 8-K - TIPTREE INC. | y04325e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
WEDNESDAY, DECEMBER 29, 2010
WEDNESDAY, DECEMBER 29, 2010
CARE INVESTMENT TRUST INC. GRANTED
SUMMARY JUDGMENT IN BRIARWOOD IPO SUIT
SUMMARY JUDGMENT IN BRIARWOOD IPO SUIT
NEW YORK December 29, 2010 Care Investment Trust
Inc. (OTCQX: CVTR) (Care or the Company), a real estate
investment and finance company formed to invest in healthcare-related real estate and commercial mortgage debt,
reported that on December 22, 2010, it was granted summary judgment by the United States District Court of the
Southern District of New York in Briarwood v. Care, a class action law suit brought in connection with the Companys
IPO in 2007. The plaintiffs may appeal within 30 days after the summary judgment order or judgment is entered.
Cares President and CEO, Torey Riso said: We are appreciative that the court has upheld our position and are
hopeful that any cloud from this litigation will soon be behind us.
About Care Investment Trust
Care Investment Trust Inc. is a real estate investment and finance company investing in
healthcare-related real estate and commercial mortgage debt.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. All forward-looking statements involve risks, uncertainties and
contingencies, many of which are beyond Care Investment Trust Inc.s control, which may cause
actual results, performance, or achievements to differ materially from anticipated results,
performance, or achievements. All statements contained in this release that are not clearly
historical in nature are forward-looking, and the words anticipate, believe, estimate,
expect, plan, target, and similar expressions are generally intended to identify
forward-looking statements. Economic, business, funding market, competitive and/or regulatory
factors, among others, affecting Care Investment Trust Inc.s businesses are examples of factors
that could cause actual results to differ materially from those described in the forward-looking
statements in addition to those factors specified in Care Investment Trust Inc.s Annual Report on
Form 10-K/A, as well as Care Investment Trust Inc.s Quarterly Reports on Form 10-Q. Care
Investment Trust Inc. is under no obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements, whether as a result of new information, future
events or otherwise.
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For more information on the Company, please visit the Companys website at www.carereit.com
FOR FURTHER INFORMATION: |
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Salvatore (Torey) V. Riso, Jr.
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Steven M. Sherwyn | |
President & Chief Executive Officer
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Chief Financial Officer & Treasurer | |
(212) 446-1414
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(212) 446-1407 | |
triso@carereit.com
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ssherwyn@carereit.com |
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