|[August 20, 2013]
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Meadowbrook Insurance Group, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of New York on behalf of a class (the "Class") comprising all purchasers
of the securities of Meadowbrook
Insurance Group, Inc. ("Meadowbrook" or the "Company") (NYSE:MIG)
between July 30, 2012 and August 8, 2013, inclusive (the "Class Period").
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY
EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Meadowbrook operates as a commercial insurance underwriter and insurance
administration services compan in the United States. The Complaint
alleges that during the Class Period defendants issued false and
misleading statements or failed to disclose that: (1) the Company's
financial stability was severely impaired; (2) the Company's reported
goodwill was materially inflated; (3) the Company's capital position was
not strong enough to support its ongoing insurance operations in a
sustainable fashion; (4) the Company was in breach of its financial
covenants applicable to its credit facilities; (5) the Company lacked
adequate internal and financial controls, including controls over
outstanding claims, asset impairment charges and maintenance of an
appropriate capital position; and (6) as a result of the foregoing, the
Company's statements were materially false and misleading at all
If you are a member of the Class described above you may move the Court
no later than October 14, 2013 to serve as lead plaintiff; however, you
must meet certain legal
requirements. To be a member of the Class you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class.
If you wish to learn
more about this action or if you purchased Meadowbrook shares prior
to the Class Period and have any questions concerning this announcement
or your rights or interests with respect to these matters, please
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to firstname.lastname@example.org,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
[ Back To Technology News's Homepage ]