STEVENSON, Md., Sept. 17, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Florida Circuit Court for Duval County on behalf of all common stockholders of Fortegra Financial Corporation ("Fortegra" or the "Company") (NYSE: FRF ).
On August 12, 2014, Tiptree Financial Inc. ("Tiptree") and Fortegra jointly announced the signing of a merger agreement pursuant to which Tiptree will acquire Fortegra in an all cash transaction valued at approximately $218 million. Under the terms of the transaction, Fortegra shareholders are anticipated to receive $10.00 in cash for each share of Fortegra common stock they own. The claims asserted in the lawsuit concern whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Fortegra shareholders.
If you currently own common stock of Fortegra and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html . You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616
