PLFE Presidential Life Corp. (MM)

DALLAS, July 19, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP are investigating alleged violations of shareholder protection laws by officers and directors of Presidential Life Corporation (NASDAQ GS: PLFE) in connection with a buyout for $14.00 per share to Athene Holding Ltd. Concerned PLFE investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies.

"Our potential lawsuit will ascertain whether the company has been adequately and fairly shopped," said Hamilton Lindley. "Since the book value of the company was nearly $27 in the most recent financial statements, this deal appears undervalued. We will seek to ensure that all relevant information is disclosed so that shareholder interests are protected in terms of price and information." 

Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. PLFE stockholders – or anyone with knowledge about this acquisition – should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855 with questions or concerns.

Hamilton Lindley

Goldfarb LLP

2501 N. Harwood, Ste. 1801

Dallas, TX 75201

(877) 583-2855 Toll Free Telephone

(214) 583-2233 Local Phone Number

(214) 583-2234 Fax Number

www.goldfarbllp.com

SOURCE Goldfarb LLP