Kahn Swick & Foti, LLC and Former Louisiana Attorney General Announce Investigation Into Horace Mann Educators Corp. - HMN
17 Septembre 2010 - 12:10AM
Business Wire
Former Attorney General of Louisiana, Charles C. Foti, Esq. and
the law firm of Kahn Swick & Foti, LLC (“KSF”) announce the
commencement of an investigation into Horace Mann Educators Corp.
("Horace Mann" or the "Company") (NYSE: HMN) to determine whether
the Company’s board has breached its fiduciary duties to
shareholders in the wake of DUI charges against the Company’s
CEO.
In particular, Horace Mann’s board said Monday it has named an
interim chief executive after learning CEO Louis Lower pleaded
guilty to driving under the influence and has begun serving a
60-day jail sentence in Florida. Despite this significant lapse,
the board has decided to allow Lower to return as CEO once his jail
term ends. Despite permitting Lower to return, the board is still
considering additional disciplinary actions.
If you have information that would assist KSF in its
investigation, or would like to discuss your legal rights, you may,
without obligation or cost to you, e-mail or call KSF Managing
Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free
1-866-467-1400, ext. 200, after hours via cell phone 504-301-7900,
or KSF Director of Client Relations, Neil Rothstein, Esq.
(neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or
after hours via cell phone 330-860-4092. KSF’s attorneys have
significant experience in representing both institutional and
individual shareholders in securities litigation nationwide. KSF
encourages both institutional and individual purchasers of Horace
Mann to contact the firm to discuss the investigation.
For more information on KSF, please visit
www.ksfcounsel.com.
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