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Faruqi & Faruqi, LLP Investigates the Acquisition of Nymagic, Inc. a" NYM

^{Published on 2010-07-15 10:40:50 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading New York securities firm, is investigating the Board of Directors of Nymagic, Inc. (aNymagica or the aCompanya) (NYSE: NYM) for possible breaches of fiduciary duty and other violations of state law or federal law in connection with their attempt to sell the Company to ProSight Specialty Insurance. Under the terms of the transaction, Nymagic shareholders will only receive $25.75 cash for each Nymagic share of common stock they own.

The investigation concerns whether the Nymagic Board of Directors breached their fiduciary duties to Nymagic stockholders by failing to conduct a fair sales process prior to agreeing to the transaction and whether the transaction undervalues the Company to the detriment of Nymagic shareholders and by how much is it undervalued.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in Nymagic and wish to obtain additional information, please visit us at [ http://www.faruqilaw.com/merger.php ] or contact Juan E. Monteverde, Esq. either via email at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising.(C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.