Faruqi & Faruqi, LLP Announces Investigation Related To The Acquisition Of American Physicians Service Group, Inc. - AMPH
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of American Physicians Service Group, Inc. (“American Physicians” or the “Company”) (NasdaqCM: AMPH) for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to ProAssurance Corporation (NYSE: PRA). The proposed transaction offers American Physicians shareholders to only receive $32.50 in cash for each share they own. According to Thomson/First Call, at least one financial analyst values American Physicians’ common stock at $35.00 per share.
Whether the American Physicians’ Board of Directors breached their fiduciary duties to American Physicians’ stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues American Physicians shares and by how much this proposed transaction undervalues the Company to the detriment of American Physicians shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in American Physicians and wish to obtain additional information, please visit us at www.faruqilaw.com/americanphysicians or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV