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Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Meadowbrook Insurance Group, Inc.

Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares of Meadowbrook Insurance Group, Inc. (NYSE: MIG )?
  • Did you purchase your shares before July 30, 2012, or between July 30, 2012 and August 8, 2013, inclusive?
  • Did you lose money in your investment in Meadowbrook Insurance Group, Inc.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Meadowbrook Insurance Group, Inc. (“Meadowbrook” or the “Company”) (NYSE: MIG) between July 30, 2012 and August 8, 2013, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Meadowbrook during the Class Period, or purchased shares prior to the Class Period and still hold Meadowbrook, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/meadowbrook-insurance-group-inc-mig.

Meadowbrook is a specialty niche focused commercial insurance underwriter and insurance administration services company. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) the Company’s financial stability was severely impaired; (2) the Company’s capital position was not strong enough to support its ongoing insurance operations in a sustainable fashion; (3) the Company was in breach of its financial covenants applicable to its credit facilities; (4) the Company lacked adequate internal and financial controls, including controls over outstanding claims, asset impairment charges and maintenance of an appropriate capital position; and (5) as result of the foregoing, the Company’s statements concerning its financial condition were materially false and misleading at all relevant times. As a result of defendants’ false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

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