NEW YORK, Sept. 30, 2013
/PRNewswire/ -- Levi & Korsinsky is investigating the
Board of Directors of Eastern Insurance Holdings, Inc. ("Eastern
Insurance" or the "Company") (NasdaqGM: EIHI) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to ProAssurance Corporation (NYSE:
PRA).
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Click here to learn more about the investigation
http://zlk.9nl.com/eastern-insurance-holdings-eihi/, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Eastern Insurance
shareholders will receive $24.50 for
each share of Eastern Insurance stock they own. The transaction has
an approximate total value of $205
million. The investigation concerns whether the Eastern
Insurance Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether ProAssurance
Corporation is underpaying for Eastern Insurance shares.
If you own Eastern Insurance common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/eastern-insurance-holdings-eihi/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP