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Faruqi & Faruqi, LLP Announces Investigation Related to the Tender Offer set to Expire on June 8, 2011 Relating to the CNA Sure

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  Published in Business and Finance on Thursday, May 12th 2011 at 5:25 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, announces an investigation into the Board of Directors of CNA Surety Corp. (aCNA Suretya or the aCompanya) (NYSE: SUR) for potential breaches of fiduciary duties in connection with the tender offer set to expire on June 8, 2011 and failure to disclose material information in the recommendation statement schedule 14D-9 related to the potential going private proposal by CNA Financial Corp. (aCNA Financiala) (NYSE: CNA) that was filed with the S.E.C. on May 5, 2011. Furthermore, the price for the sale of CNA Surety is also under investigation, which offers CNA Surety shareholders $26.55 per share in cash in exchange for each CNA Surety share they hold. According to Bloomberg, at least one financial analyst values the Companya™s common stock at $30.00 per share

Request more information now by clicking here: [ www.faruqilaw.com/SUR ]

Whether the CNA Suretya™s Board of Directors breached their fiduciary duties to CNA Suretya™s stockholders by failing to disclose all material information related to the transaction and whether it also failed to maximize shareholder value and if so by how much the sale undervalues the Company to the detriment of CAN Surety shareholders, which are the key focus of this investigation.

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 CNA Surety and wish to obtain additional information, please visit us at [ www.faruqilaw.com/SUR ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

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