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TMCNet:  Crexus Investment Corp. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP

[November 13, 2012]

Crexus Investment Corp. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP

LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Crexus Investment Corp. ("Crexus" or the "Company") (NYSE: CXS) related to the proposed acquisition of the Company by Annaly Capital Management. The transaction is valued at approximately $839 million or $12.50 per share.

This investigation concerns the Board of Directors' process for consideration of the proposed acquisition, and whether Crexus is acting in its shareholders' best interests. The Company has seen substantial recent growth. Further,at least one analyst has set a target price for the Company's stock at $13.00 per share.


If you are a shareholder of Crexus, if you have information or would like to learn more about our investigation, 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 Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to shareholders@glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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