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The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of FPIC Insuran

^{Published on 2011-05-25 09:45:41 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Offices of Vincent Wong are investigating the Board of Directors of FPIC Insurance Group, Inc. (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 deal, FPIC shareholders will receive $42 per share in cash. The transaction has a total value of approximately $362 million.

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.

If you own common stock in FPIC and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [ vw@wongesq.com ], by telephone at 212.584.2740, or visit [ http://www.wongesq.com/fpic-insurance.html ].

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.