The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Harleysville...
October 05 2011 - 10:32AM
Marketwired
Levi & Korsinsky notifies investors of Harleysville Group Inc.
("Harleysville Group" or the "Company") (NASDAQ: HGIC) of claims of
breaches of fiduciary duty and other violations of state law
against the Board of Directors of the Company in connection with
the sale of the Company to Nationwide Mutual Insurance Company.
Under the terms of the transaction, Harleysville Group shareholders
will receive $60.00 for each share of Harleysville Group stock they
own, while Harleysville Mutual policyholders will become
policyholders and members of Nationwide Mutual Insurance Company.
The transaction has a total value of approximately $1.63 billion. A
complaint was filed in Delaware state court.
Click here to learn more about the investigation:
http://zlk.9nl.com/400719, or call: 877-363-5972.
The claim concerns whether the Harleysville Group Board of
Directors breached their fiduciary duties to Harleysville Group
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Nationwide Mutual
Insurance is underpaying for Harleysville Group shares, thus
unlawfully harming Harleysville Group stockholders.
If you own common stock in Harleysville Group 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/harleysville-group-hgic.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, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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