Finkelstein Thompson LLP Announces Investigation of NYMAGIC, Inc.
15 Luglio 2010 - 10:41PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of NYMAGIC, Inc. (“NYMAGIC” or the
“Company”) (NYSE: NYM) concerning the sale of the Company to
ProSight Specialty Insurance Holdings, Inc. for $25.75 per share in
a transaction valued at approximately $219 million. NYMAGIC
shareholders owning approximately 40% of the Company’s fully
diluted common shares have executed voting agreements pursuant to
which they have agreed to vote in favor of the transaction.
The investigation is focused on the potential unfairness of the
consideration to NYMAGIC shareholders, the process by which the
NYMAGIC Board of Directors considered the transaction, and
potential conflicts of interests on the part of Board members.
NYMAGIC earned approximately $6.8 million in the first three months
in 2010 compared to $3.5 million in 2009.
If you are interested in discussing your rights as a NYMAGIC
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
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