Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of FPIC Insurance Group...
24 Mayo 2011 - 10:11AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
FPIC Insurance Group, Inc. (“FPIC” or the “Company”) (Nasdaq: FPIC)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to The Doctors
Company. Under the terms of the transaction, FPIC shareholders will
receive $42 cash per share of FPIC stock they own, for a total
transaction value of approximately $362 million.
Click here to learn how to join the action:
http://www.zlk.com/fpic-insurance-fpic.html, or call:
877-363-5972.
The investigation concerns whether the FPIC Board of Directors
breached their fiduciary duties to FPIC stockholders by failing to
adequately shop the Company before entering into this transaction
and whether The Doctors Company is underpaying for FPIC shares,
thus unlawfully harming FPIC stockholders.
If you own common stock in FPIC 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://www.zlk.com/fpic-insurance-fpic.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. 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, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 15th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
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