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Finkelstein Thompson LLP Announces Investigation of NYMAGIC, Inc.

^{Published on 2010-07-15 13:50:45 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of NYMAGIC, Inc. (aNYMAGICa or the aCompanya) (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 Companya™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. Prior results do not guarantee similar outcomes.