The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of FPIC Insur...
May 25 2011 - 12:34PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of FPIC Insurance Group, Inc. (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 deal, FPIC shareholders will receive $42 per
share in cash. The transaction has a total value of approximately
$362 million.
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.
If you own common stock in FPIC and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/fpic-insurance.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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