ATTENTION SHAREHOLDERS: AV Homes, Inc (AVHI) Under Investigation by The Young Law Firm

Mon Jul 15, 2013 12:11pm EDT

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ATTENTION SHAREHOLDERS: AV Homes, Inc (AVHI) Under Investigation by The Young Law Firm

The Young Law Firm is investigating possible claims on behalf of investors in AV Homes, Inc, (“AV Homes” or the “Company”) concerning possible violations of state and federal law. The investigation concerns the Company’s recent announcement that private investment firm TPG is to invest $135 million in the Company and will acquire a 41.9% ownership interest in AV Homes on an as-converted basis following the closing of the transaction.

AV Homes is engaged in homebuilding, community development and land sales in Florida and Arizona. AV Homes common shares trade on NASDAQ under the symbol AVHI.

The investigation by The Young Law Firm relates to TPG’s agreement to acquire 2,557,474 shares of AV Homes’ common stock and 665,754.3 shares of a newly authorized series of the AV Homes’ preferred stock, for an aggregate investment in AV Homes by TPG of $135 million. The preferred stock will be convertible into shares of common stock following the receipt of the requisite approval of AV Homes’ stockholders at an initial conversion ratio equal to ten shares of common stock per share of preferred stock, subject to adjustment. The Young Law Firm is investigating the price paid by TPG and further investigating related agreements between TPG and AV Homes including a “Management Services Agreement” pursuant to which, on June 20, 2013 the Company paid an affiliate of TPG a transaction fee of $4.7 million.

If you purchased AV Homes stock, have information about the Company’s financial statements, or would like to learn more, please contact:

Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
Email: contact@theyounglf.com
or visit: www.theyounglf.com/av-homes-class-action-lawsuit-avhi/

Henry Young Esq., the Firm’s founder, has over 10 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and class action cases in general, please visit our website: www.theyounglf.com.

This press release may be considered attorney advertising. Past results do not guarantee future performance.

The Young Law Firm
Henry Young Esq.
(888) 452-7252
contact@theyounglf.com

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