An investigation on behalf of current long term investors in NYSE:PN shares over potential wrongdoing at Patriot National announced.
San Diego, CA -- (SBWIRE) -- 10/16/2017 -- An investigation was launched for current investors in NYSE:PN shares concerning potential breaches of fiduciary duties by certain directors of Patriot National Inc.
Investors who are investors in Patriot National Inc (NYSE:PN) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm for current long term investors in NYSE:PN stocks follows a lawsuit filed recently against Patriot National Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:PN stocks, concerns whether certain Patriot National Inc directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the Defendants failed to disclose that the Patriot National Inc special committee was beholden to Mariano, that, as such, the special committee was operating for the benefit of Mariano, and not the Company or its shareholders, that the special committee did not independently assess the merits of the Ebix transaction, that the special committee was not exploring strategic alternatives in order to maximize shareholder value, and that, as a result of the foregoing, Defendants' statements about Patriot National's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of Patriot National Inc (NYSE:PN) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego