Eastern Insurance Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to ProAssurance
25 September 2013 - 6:01AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating the sale of Eastern Insurance Holdings, Inc.
(“Eastern Insurance”) (NasdaqGS: EIHI) to ProAssurance Corporation
for shareholders. Under the terms of the proposed agreement, valued
at approximately $205 million, Eastern Insurance shareholders will
receive $24.50 in cash for each share owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, please contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor
LLP, toll free (877) 728-9607 or via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The investigation into the Eastern Insurance sale is focused on
whether minority shareholders are receiving adequate compensation
for their shares in the proposed deal, whether the transaction
properly values Eastern Insurance stock, and whether Eastern
Insurance’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPZach
Groover, 877-728-9607shareholder@powerstaylor.com
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