The Law Office of Abe Shainberg Announces Investigation of FPIC Insurance Group, Inc. – FPIC
June 01 2011 - 7:23PM
Business Wire
The Law Office of Abe Shainberg is 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 transaction, FPIC shareholders will receive
$42 cash per share for a total transaction 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 Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/fpic-insurance-group.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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