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Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of FPIC Insurance Group,

  //business-finance.news-articles.net/content/201 .. y-duty-by-the-board-of-fpic-insurance-group.html
  Published in Business and Finance on Tuesday, May 24th 2011 at 8:30 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of FPIC Insurance Group, Inc. (aFPICa or the aCompanya) (Nasdaq: FPIC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to The Doctors Company. Under the terms of the transaction, FPIC shareholders will receive $42 cash per share of FPIC stock they own, for a total transaction value of approximately $362 million.

Click here to learn how to join the action: [ http://www.zlk.com/fpic-insurance-fpic.html ], or call: 877-363-5972.

The investigation concerns whether the FPIC Board of Directors breached their fiduciary duties to FPIC stockholders by failing to adequately shop the Company before entering into this transaction and whether The Doctors Company is underpaying for FPIC shares, thus unlawfully harming FPIC stockholders.

If you own common stock in FPIC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/fpic-insurance-fpic.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]