Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of ResCare, Inc.

BOCA RATON, Fla.--(BUSINESS WIRE)--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of ResCare, Inc. ("ResCare" or the "Company") (Nasdaq: RSCR) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to an affiliate of Onex Corporation (“Onex”). Under the terms of the proposed transaction, ResCare shareholders are to receive $13.25 in cash for each share of ResCare common stock they own. Affiliates of Onex currently own common and preferred stock representing approximately 24.9% of the Company's outstanding common stock, assuming conversion of the preferred stock.

The investigation involves whether the Board of Directors of ResCare breached their fiduciary duties to ResCare stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether ResCare has disclosed all material information to shareholders about the proposed transaction. Specifically, according to Yahoo Finance, one analyst estimates a twelve-month target price for ResCare of $14.00 per share. Additionally, officers of ResCare are being offered equity in the new company in exchange for their shares in ResCare.

If you have information regarding the above investigation or own stock in ResCare and wish to obtain additional information or discuss your rights as a shareholder, please contact Jonathan M. Stein, Esq. either via email at [e-mail] or by telephone at [phone].

The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.

Law Office of Jonathan M. Stein, P.L.

Jonathan M. Stein, Esq.

[phone]

www.jonathansteinlaw.com

120 E. Palmetto Park Rd., Suite 420

Boca Raton, FL 33432