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Rigrodsky & Long, P.A. Announces Investigation of Harleysville Group, Inc.

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  Published in Business and Finance on Tuesday, October 4th 2011 at 13:02 GMT by Market Wire
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WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of Harleysville Group, Inc. (aHarleysville Groupa or the aCompanya) (Nasdaq: [ HGIC ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companya™s entry into an agreement to be acquired by Nationwide Mutual Insurance Company (aNationwidea) in a transaction with an approximate value of $760 million.

Click here to learn more and how to join the action: [ http://investigations.rigrodskylong.com/harleysvillegroupinc-hgic/ ].

Under the proposed agreement, Harleysville Group shareholders will receive $60.00 per share in cash for every share of Harleysville Group common stock they own.

The investigation concerns whether Harleysville Groupa™s board of directors adequately shopped the Company to obtain the best price possible for Harleysville Groupa™s shareholders before entering into the agreement with Nationwide. Indeed, Harleysville Mutual Insurance Company has already agreed to vote its 54% stake in the Company in favor of the transaction.

If you own the common stock of Harleysville Group and purchased your shares before September 29, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].

[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation ] and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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