Rigrodsky & Long, P.A. Announces Investigation of Harleysville Group, Inc.
04 Octobre 2011 - 4:54PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of Harleysville
Group, Inc. (“Harleysville Group” or the “Company”) (Nasdaq: HGIC)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company’s entry into an agreement to be
acquired by Nationwide Mutual Insurance Company (“Nationwide”) in a
transaction with an approximate value of $760 million.
Click here to learn more and how to join the action:
http://investigations.rigrodskylong.com/harleysvillegroupinc-hgic/.
Under the proposed agreement, Harleysville Group shareholders
will receive $60.00 per share in cash for every share of
Harleysville Group common stock they own.
The investigation concerns whether Harleysville Group’s board of
directors adequately shopped the Company to obtain the best price
possible for Harleysville Group’s shareholders before entering into
the agreement with Nationwide. Indeed, Harleysville Mutual
Insurance Company has already agreed to vote its 54% stake in the
Company in favor of the transaction.
If you own the common stock of Harleysville Group and purchased
your shares before September 29, 2011, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Seth D. Rigrodsky, Esquire or Noah R.
Wortman, Case Development Director, of Rigrodsky & Long, P.A.,
919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by
telephone at (888) 969-4242, or by e-mail to
info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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