NEW YORK, March 24, 2017 /PRNewswire/ -- Kaplan Fox
& Kilsheimer LLP (www.kaplanfox.com) is investigating claims on
behalf of investors of Patriot National, Inc. ("Patriot National"
or the "Company") (NYSE: PN). Investors who purchased Patriot
National securities between August 15,
2016 and March 3, 2017,
inclusive (the "Class Period"), have until May 15, 2017 to file lead plaintiff
applications in a securities class action filed in the United
States District Court for the Southern District of New York.
Patriot National and certain of its officers are alleged to have
mislead investors in violation of the federal securities laws.
According to the complaint, contrary to public statements
made, (1) a special committee of the Company's board of directors,
tasked with evaluating a potential acquisition opportunity, was
beholden to Company Chairman, CEO, and majority shareholder,
Steven M. Mariano, and was operating
for the benefit of Mariano and not the Company's investors; (2) the
special committee failed to independently evaluate the merits of
the potential acquisition opportunity; and (3) the special
committee failed to explore strategic alternative opportunities to
best maximize investor value.
If you purchased Patriot National securities, you may move the
court no later than May 15,
2017 to serve as a lead plaintiff for the purported
class. You need not seek to become a lead plaintiff to share
in any possible recovery. If you would like to discuss the
complaint or our investigation, please contact us by emailing
pmayer@kaplanfox.com or by calling 800-290-1952.
About Kaplan Fox & Kilsheimer
LLP
Kaplan Fox is a leading national
law firm focusing on complex litigation with offices in
New York, San Francisco, Los
Angeles, Chicago, and New
Jersey. Over the past 35 years, Kaplan Fox has cultivated one the most respected
securities practices in the country. Kaplan Fox has consistently obtained recoveries
far in excess of the industry average in securities fraud actions,
thereby achieving superior results for its clients. Kaplan
Fox bases its fees exclusively on its success on behalf of its
clients, insuring that its interests are completely aligned with
those of its clients.
For more information about Kaplan
Fox & Kilsheimer LLP, you may visit our website at
www.kaplanfox.com. If you have any questions about this
Notice, the action, your rights, or your interests, please
contact:
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, CA 94104
(415) 772-4700
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
Ralph E. Labaton
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, NY 10022
(800) 290-1952
(212) 687-1980
(415) 772-4700
Fax: (212) 687-7714
E-mail: RLabaton@kaplanfox.com
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some jurisdictions under the applicable law and ethical rules.
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SOURCE Kaplan Fox &
Kilsheimer LLP