Law Offices of Eric J. O'Bell, LLC Announce Update of Investigation in Connection With KKR's...

METAIRIE, La., July 29, 2008 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announce that it has updated its investigation into KKR Financial Holdings LLC ("KKR Financial" or the "Company") (NYSE:KFN) to include an inquiry into why Kohlberg Kravis Roberts & Co ("KKR") has decided to use KKR Private Equity Investors LP (KPE), its failing Amsterdam listed spin-off, to gain listing in the U.S. as a new public company, and whether possible Securities Act violations occurred in connection with the May 4, 2007 Merger & Reorganization (the "Merger" or the "Reorganization"), whereby shareholders voted in favor of receiving, and later received, shares of common stock in KKR Financial, in exchange for the shares that they held previously in the Company's successor, KKR Financial Corp., a real estate investment... [read full story]