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  • The Wall Street Journal8 hours ago

    [$$] Firm Retention Summary: Patriot National Inc.

    This is a summary of a request from Patriot National Inc. to hire Pachulski Stang Ziehl & Jones LLP as co-counsel and conflicts counsel, filed Feb. 7 with the U.S. Bankruptcy Court in Wilmington, Del.

  • The Wall Street Journal20 days ago

    [$$] Insurance Outsourcer Patriot National Enters Prearranged Bankruptcy

    Florida company plans to turn lenders into owners and cut ties with ex-CEO

  • The Wall Street Journallast month

    [$$] Patriot National Ex-CEO Attacks Hedge Fund Short Bets

    Steven Mariano, who resigned in July, sues hedge funds ahead of Patriot National’s planned bankruptcy

  • American City Business Journals3 months ago

    What went wrong at Patriot National

    A dizzying year for Patriot National culminated this week when the company announced plans to file for Ch. 11 bankruptcy and extinguish all of its outstanding stock, moves that will end the company’s affiliations with founder and majority stockholder Steven Mariano. Patriot National, which Mariano took public in 2015, provided administrative and technology services to insurance companies selling worker’s compensation policies.

  • American City Business Journals3 months ago

    Patriot National will file for Ch. 11 bankruptcy, all stock will be extinguished

    Fort Lauderdale-based Patriot National, Inc. announced on Tuesday that it will be acquired by two investment groups following reorganization in federal bankruptcy court in Delaware. By filing for a Chapter 11 reorganization, the company plans to "extinguish" all existing Patriot National stock, and end its association with founder and former CEO Steven Mariano, formerly the majority stock holder, according to the company. The insurance services company made the announcement in a Securities and Exchange Commission filing on Tuesday afternoon.

  • The Wall Street Journal3 months ago

    [$$] Patriot National Reaches Deal for Bankruptcy Sale

    Insurance services provider Patriot National Inc. has struck a restructuring deal to hand over its business to Cerberus Capital Management LP and TCW Asset Management Co. through bankruptcy while cutting ...

  • The Wall Street Journal3 months ago

    [$$] Cerberus Business Finance, Carlyle-Backed TCW to Acquire Patriot National

    Patriot National, a publicly listed provider of technology and outsourcing services to the insurance industry, in a Securities and Exchange Commission filing said it reached an agreement with its secured ...

  • American City Business Journals3 months ago

    Insurance company tied to Patriot National agrees to be acquired

    A day before Patriot National announced it lost most of its business and would lay off 250 employees last week, one of its customers and affiliated companies agreed to be acquired. Ashmere Insurance Co.’s parent company, which is majority owned by Patriot National’s former CEO and majority shareholder Steven Mariano, announced on Nov. 21 that it plans to be acquired by Bedrock Insurance Group Holdings. The acquisition still needs to be approved by regulators, and it is unclear just how much the acquisition will help Patriot National (PN), which is under financial strain.

  • ACCESSWIRE3 months ago

    Wired News - Patriot National Signs Forbearance Agreement with Lenders as a Stop-gap Financial Arrangement

    Stock Monitor: Willis Towers Watson Post Earnings Reporting LONDON, UK / ACCESSWIRE / November 27, 2017 / Active-Investors issued a free report on Patriot National, Inc. (NYSE: PN ) ("Patriot"), ...

  • American City Business Journals3 months ago

    Patriot National lays off 250 employees, loses most of its business

    Patriot National Inc. announced Wednesday that it has laid off 250 employees after losing most of its business as a result of its largest customer, Guarantee Insurance Co., being placed under state receivership. The Fort Lauderdale insurance services company (PN) also announced that it has entered a forbearance agreement with one of its creditors after defaulting on a previous credit agreement. Under the forbearance agreement, Patriot National has until Dec. 3, 2017 before its creditor, Cerberus Business Finance LLC, can accelerate its loan payments and exercise its rights on a loan it gave Patriot National.

  • Who Are The Major Shareholders In Patriot National Inc (PN)?
    Simply Wall St.4 months ago

    Who Are The Major Shareholders In Patriot National Inc (PN)?

    Today, I will be analyzing Patriot National Inc’s (NYSE:PN) recent ownership structure, an important but not-so-popular subject among individual investors. Ownership structure of a company has been found to affectRead More...

  • PR Newswire5 months ago

    Faruqi & Faruqi, LLP is Investigating Patriot National, Inc. (PN) on Behalf of its Shareholders

    NEW YORK , Sept. 27, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at Patriot National, Inc. ("Patriot" or the "Company") ...

  • Business Wire6 months ago

    Robbins Arroyo LLP: Patriot National, Inc. (PN) Misled Shareholders According to a Recently Filed Lawsuit

    Shareholder rights law firm Robbins Arroyo LLP announces that a lawsuit was filed against current and former members of the board of directors of Patriot National, Inc. in the U.S.

  • Accesswire7 months ago

    Featured Company News - Patriot National's CEO Quits Office; John Rearer to Replace the Company Founder

    LONDON, UK / ACCESSWIRE / July 17, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Patriot National, Inc. (NYSE: PN ), following which we have published ...