Law Office of Brodsky & Smith, LLC Announces Investigation of Zenith National Insurance Corporation
05 Marzo 2010 - 11:24PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Zenith National Insurance Corporation (“Zenith” or the “Company”)
(NYSE:ZNT) relating to the proposed acquisition by Fairfax
Financial Holdings Limited (“Fairfax”). Under the terms of the
offer, Zenith shareholders would receive $38.00 for each share of
Zenith stock they own.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law related to the Zenith board’s
approval of the proposed acquisition. Specifically, Zenith
shareholders need additional information to know what actions the
board took to adequately shop the Company before entering into this
transaction and whether Fairfax is underpaying for Zenith,
resulting in harm to the Zenith shareholders.
If you own shares of Zenith and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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