NEW YORK, June 20, 2017 /PRNewswire/ -- Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Citizens, Inc. ("Citizens" or the "Company") (NYSE: CIA) to determine whether Citizen's officers and directors breached their fiduciary duties owed to the Company and its shareholders. If you are a current Citizens shareholder, you are encouraged to contact Scott+Scott for additional information.
Citizens, Inc. is an insurance holding company that offers insurance products and services, including life, health, property, and casualty insurance.
On March 8, 2017, Seeking Alpha published an article stating that Citizens sells insurance policies to foreign retail investors and retirees with promises that they are backed by U.S. Treasury bonds even though such policies actually funnel millions of dollars into open market purchases of Citizens' shares and inflate the value of such shares.
What You Can Do
If you are a Citizens shareholder, you may have legal claims against Citizens's officers and directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew at (844) 818-6982, or at email@example.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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SOURCE Scott+Scott, Attorneys at Law, LLP