SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Eastern...
26 September 2013 - 2:03AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Eastern Insurance Holdings, Inc. (“Eastern Insurance” or the
“Company”) (NasdaqGM: EIHI) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to ProAssurance Corporation (NYSE: PRA).
Click here to learn more about the investigation
http://zlk.9nl.com/eastern-insurance-holdings-eihi/, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Eastern Insurance
shareholders will receive $24.50 for each share of Eastern
Insurance stock they own. The transaction has an approximate total
value of $205 million. The investigation concerns whether the
Eastern Insurance Board of Directors breached their fiduciary
duties to stockholders by failing to adequately shop the Company
before agreeing to enter into this transaction, and whether
ProAssurance Corporation is underpaying for Eastern Insurance
shares.
If you own Eastern Insurance common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/eastern-insurance-holdings-eihi/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
212-363-7171www.zlk.com
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