The Law Firm of Levi and Korsinsky, LLP Launches an Investigation Into Possible Breaches of Fiduciary Duty by the Board of Transatlantic Holdings, Inc. in Connection With Merger With Allied World Assurance Company Holdings

/ Source: GlobeNewswire

NEW YORK, June 13, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Transatlantic Holdings, Inc. ("Transatlantic" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Allied World Assurance Company Holdings, AG ("Allied World"). Under the terms of the transaction, Transatlantic shareholders will receive 0.88 Allied World common shares for each Transatlantic share they own; this represents a value of approximately $51.10 per share, for a total transaction value of approximately $3.2 billion.

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The investigation concerns whether the Transatlantic Board of Directors breached their fiduciary duties to Transatlantic stockholders by failing to adequately shop the Company before entering into this transaction and whether Allied World is underpaying for Transatlantic shares, thus unlawfully harming Transatlantic stockholders. In particular, Transatlantic has a Book Value of $64.49 for the last quarter, and at least one analyst has set a price target of $60.00 per share for Transatlantic stock.

If you own common stock in Transatlantic and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit .

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation 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