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Eastern Insurance Holdings, Inc Message Board

  • milo.bloom Sep 25, 2013 9:20 AM Flag

    SHAREHOLDER ALERT: Investigation Of Eastern Insurance Holdings, Inc. Buyout

    Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Eastern Insurance Holdings, Inc. (“Eastern” or the “Company”) (NASDAQ GS: EIHI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by ProAssurance Corporation (“ProAssurance”) (NYSE: PRA) in a transaction valued at approximately $205 million.

    Under the terms of the agreement, public shareholders of Eastern will receive $24.50 per share in cash for each share of Eastern they own.

    The investigation concerns whether Eastern’s board of directors failed to adequately shop the Company and obtain the best possible value for Eastern’s shareholders before entering into an agreement with ProAssurance.

    If you own the common stock of Eastern and purchased your shares before September 24, 2013, 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 Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242.

    Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

    Attorney advertising. Prior results do not guarantee a similar outcome.

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