BALA CYNWYD, Pa., Jan. 7, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Meadowbrook Insurance Group, Inc. ("Meadowbrook" or "the Company") (NYSE-MIG-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Fosun International Limited ("Fosun").
Click here to learn more about the investigation http://brodsky-smith.com/872-mig-meadowbrook-insurance-group-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Meadowbrook shareholders will receive $8.65 in cash for each share of Meadowbrook stock they own. The investigation concerns whether the Board of Directors of Meadowbrook breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Fosun is underpaying for Meadowbrook. The transaction will result in a loss for many long-term holders of Meadowbrook stock. For example Meadowbrook stock traded at $11.87 per share on January 20, 2012 and traded at $8.71 per share on July 19, 2013.
If you own shares of Meadowbrook 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 510, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://brodsky-smith.com/872-mig-meadowbrook-insurance-group-inc.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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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