|[August 20, 2014]
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Fortegra Financial Corporation in Connection with the Sale of the Company
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Fortegra Financial
Corporation ("Fortegra" or the "Company") (NYSE: FRF) relating to the
proposed acquisition by Tiptree Financial, Inc. ("Tiptree").
Click here to learn more about the investigation http://brodsky-smith.com/806-frf-fortegra-financial-corporation.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Fortegra shareholders will receive
only $10.00 in cash for each share of Fortegra common stock they own.
The investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directos of Fortegra for not
acting in the Company's shareholders' best interests in connection with
the sale process.
The transaction may undervalue the Company, on August 11, 2014, Fortegra
released strong financial results for the second quarter of 2014. In
announcing these results the Company commented that the quarter reflects
their continued success and their belief that Fortegra is well
positioned for future growth. Despite Fortegra success, the transaction
represents no real premium for long-term shareholder. For example,
Fortegra stock traded at $9.60 per share on February 12, 2013.
If you own shares of Fortegra common stock and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail
by visiting http://brodsky-smith.com/806-frf-fortegra-financial-corporation.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
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