SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Fortegra Financial Corp. in Connection with the Sale of th...
August 20 2014 - 7:31PM
Business Wire
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) 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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/806-frf-fortegra-financial-corporation.html
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