|[September 24, 2013]
Eastern Insurance Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to ProAssurance
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating the sale of Eastern Insurance Holdings,
Inc. ("Eastern Insurance") (NasdaqGS: EIHI) to ProAssurance Corporation
for shareholders. Under the terms of the proposed agreement, valued at
approximately $205 million, Eastern Insurance shareholders will receive
$24.50 in cash for each share owned.
If ou are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607 or via
e-mail at email@example.com.
There is no cost or fee to you.
The investigation into the Eastern Insurance sale is focused on whether
minority shareholders are receiving adequate compensation for their
shares in the proposed deal, whether the transaction properly values
Eastern Insurance stock, and whether Eastern Insurance's board attempted
to obtain the highest share price for all shareholders prior to agreeing
to the deal.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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