Bronstein, Gewirtz & Grossman, LLC Investigates Assurant Inc.
January 19 2012 - 8:00AM
Business Wire
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of Assurant, Inc. (“Assurant” or the “Company”)
(NYSE:AIZ), concerning whether the company and certain of its
officers and directors have violated federal securities laws.
On January 11, 2012, Assurant fell $2.48 or 6% and closed at
$38.05 after The Wall Street Journal reported the insurer is among
those being investigated by the New York Department of Financial
Services for possibly charging excessive fees. The Department of
Financial Services is looking into whether homeowners were burdened
with overpriced so-called force-placed insurance, said a person,
who didn’t have authority to speak publicly about the matter and
declined to be identified. The insurance is issued to protect the
property securing a mortgage loan when a homeowner’s original
coverage lapses. The Department of Financial Services is looking
into pricing practices, relationships between the companies
involved and whether kickbacks are being paid, the person said.
If you are aware of any facts relating to this investigation, or
purchased shares of Assurant, you can assist this investigation by
contacting either Peretz Bronstein or Eitan Kimelman of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email
eitan@bgandg.com. Those who inquire by e-mail are encouraged to
include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm’s expertise includes general
corporate work, private securities offerings, and securities
arbitration.
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