NEW YORK, March 24, 2017 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Patriot National, Inc. ("Patriot National" or the "Company") (NYSE: PN). Investors who purchased Patriot National securities between August 15, 2016 and March 3, 2017, inclusive (the "Class Period"), have until May 15, 2017 to file lead plaintiff applications in a securities class action filed in the United States District Court for the Southern District of New York.
Patriot National and certain of its officers are alleged to have mislead investors in violation of the federal securities laws. According to the complaint, contrary to public statements made, (1) a special committee of the Company's board of directors, tasked with evaluating a potential acquisition opportunity, was beholden to Company Chairman, CEO, and majority shareholder, Steven M. Mariano, and was operating for the benefit of Mariano and not the Company's investors; (2) the special committee failed to independently evaluate the merits of the potential acquisition opportunity; and (3) the special committee failed to explore strategic alternative opportunities to best maximize investor value.
If you purchased Patriot National securities, you may move the court no later than May 15, 2017 to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff to share in any possible recovery. If you would like to discuss the complaint or our investigation, please contact us by emailing email@example.com or by calling 800-290-1952.
About Kaplan Fox & Kilsheimer LLP
Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, San Francisco, Los Angeles, Chicago, and New Jersey. Over the past 35 years, Kaplan Fox has cultivated one the most respected securities practices in the country. Kaplan Fox has consistently obtained recoveries far in excess of the industry average in securities fraud actions, thereby achieving superior results for its clients. Kaplan Fox bases its fees exclusively on its success on behalf of its clients, insuring that its interests are completely aligned with those of its clients.
For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this Notice, the action, your rights, or your interests, please contact:
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, CA 94104
Fax: (415) 772-4707
Ralph E. Labaton
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, NY 10022
Fax: (212) 687-7714
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SOURCE Kaplan Fox & Kilsheimer LLP