Business & Finance
Fri, August 31, 2012
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of SeaBright Holdings, Inc. (aSeaBrighta or the aCompanya) (NYSE: SBX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Enstar Group Limited (Nasdaq: ESGR).
Click here to learn more about the investigation: [ http://zlk.9nl.com/seabright-holdings-sbx ], or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, SeaBright shareholders will receive $11.11 for each share of SeaBright stock they own. The transaction has an approximate total value of $252 million. The investigation concerns whether the SeaBright Board of Directors breached their fiduciary duties to SeaBright stockholders by failing to adequately shop the Company before entering into this transaction and whether Enstar Group Limited is underpaying for SeaBright shares, thus unlawfully harming SeaBright stockholders. In particular, SeaBright has a reported a book value of $16.51 per share for the most recent quarter.
If you own common stock in SeaBright 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://zlk.9nl.com/seabright-holdings-sbx ].
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
