NEW YORK, May 27, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of FPIC Insurance Group, Inc. ("FPIC" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to The Doctors Company. Under the terms of the transaction, FPIC shareholders will receive $42 cash per share of FPIC stock they own, for a total transaction value of approximately $362 million.
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The investigation concerns whether the FPIC Board of Directors breached their fiduciary duties to FPIC stockholders by failing to adequately shop the Company before entering into this transaction and whether The Doctors Company is underpaying for FPIC shares, thus unlawfully harming FPIC stockholders.
If you own common stock in FPIC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit .
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com