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Faruqi & Faruqi, LLP Launches Investigation Against ProAssurance Corp For Potential Breaches Of Fiduciary Duties By Board Of Directors


Friday, 19 Apr 2013 08:30pm EDT 

Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, is investigating the Board of Directors of ProAssurance Corporation for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of the Company's 2014 Equity Incentive Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 5, 2013, the Board of Directors recommends that ProAssurance's shareholders vote to approve the ProAssurance Corporation 2014 Equity Incentive Plan, which would authorize the issuance of up to 4,000,000 shares of Common Stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of ProAssurance common stock. 

Company Quote

46.78
-0.03 -0.06%
31 Oct 2014