Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Harleysville Group Inc. (“Harleysville” or the “Company”) (NASDAQ: HGIC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Nationwide Mutual Insurance Company in an all-cash deal valued at about $1.63 billion. Under the terms of the proposed transaction, Harleysville stockholders will receive $60 in cash per each share of Harleysville they own. The transaction is expected to close in early 2012. Request more information now by clicking here: www.faruqilaw.com/HGIC Whether Harleysville’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Harleysville’s shares and by how much this proposed transaction undervalues the Company to the detriment of Harleysville’s 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, throughout 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 Harleysville and wish to obtain additional information, please visit us at www.faruqilaw.com/HGIC 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) 2011 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.
Harleysville Group (Nasdaq:HGIC) hit a new 52-week high Friday as it is currently trading at $59.80, above its previous 52-week high of $59.76 with 90,687 shares traded as of 3:30 p.m. ET. Average volume has been 60,900 shares over the past 30 days.