Law Offices of Howard G. Smith Announces Investigation of Delphi Financial Group, Inc.

BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Delphi Financial Group, Inc. (“Delphi” or the “Company”) (NYSE: DFG - News) related to the proposed acquisition of the Company by a subsidiary of Tokio Marine Holdings. Under the terms of the transaction, Delphi shareholders will receive $43.875 per Class A share and $52.875 per Class B share of Delphi stock they own. Delphi shareholders will also receive $1.00 in cash per share pursuant to a one-time special dividend from Delphi for each share of Class A and Class B stock they own. The transaction is valued at approximately $2.7 billion.

The investigation concerns whether the Board of Directors of Delphi breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $20.38 on October 3, 2011 to $28.40 on December 7, 2011.

If you are a shareholder of Delphi, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.