BALA CYNWYD, Pa.,
Aug. 14, 2014 /PR Newswire/ – Law
office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Fortegra Financial Corporation ("Fortegra" or the "Company") (NYSE
–FRF-News) relating to the proposed acquisition by Tiptree
Financial, Inc. ("Tiptree").
Click here to learn more about the investigation
http://brodsky-smith.com/806-frf-fortegra-financial-corporation.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Fortegra shareholders will
receive only $10.00 in cash for each
share of Fortegra common stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Fortegra for not acting
in the Company's shareholders' best interests in connection with
the sale process.
The transaction may undervalue the Company, on August 11, 2014, Fortegra released strong
financial results for the second quarter of 2014. In announcing
these results the Company commented that the quarter reflects their
continued success and their belief that Fortegra is well positioned
for future growth. Despite Fortegra success, the transaction
represents no real premium for long-term shareholder. For example,
Fortegra stock traded at $9.60 per
share on February 12,
2013.
If you own shares of Fortegra common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/806-frf-fortegra-financial-corporation.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC
