Bernstein Liebhard LLP Announces Investigation of Zenith National Insurance Corporation Merger
18 Février 2010 - 11:33PM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Zenith National Insurance Corporation (“Zenith”)
(NYSE: ZNT) breached its fiduciary duty to its shareholders in
agreeing to sell Zenith to Fairfax Financial Holdings, Ltd.
(“Fairfax”).
Under the terms of the transaction, Zenith shareholders will
receive $38 in cash for each Zenith share of common stock they own
for a total transaction value of approximately $1.4 billion.
The investigation concerns whether the Zenith Board of Directors
breached their fiduciary duties to Zenith stockholders by failing
to adequately shop Zenith before entering into this transaction and
whether Fairfax is underpaying for Zenith shares, thus harming
Zenith stockholders.
If you are interested in discussing your rights as a Zenith
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities and
consumer cases and recovered approximately $2 billion for its
clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last seven years.
Bernstein Liebhard LLP 10 East 40th Street New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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