NEW YORK, Aug. 22, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong notifies investors of Fortegra Financial Corporation (NYSE:FRF) ("Fortegra") of claims against the Board of Directors of the Company in connection with the sale of the Company to Tiptree Financial Inc. (Nasdaq:TIPT). A complaint was filed in Florida state court.
Click here to learn about the case: http://docs.wongesq.com/FRF-Info-Request-Form-342. There is no cost or obligation to you.
Under the terms of the transaction, Fortegra shareholders will receive $10.00 for each share of Fortegra common stock they own. The claims concern whether the Board of Fortegra breached their fiduciary duty to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Tiptree is underpaying for Fortegra shares. Shareholders representing approximately 62% of the Company's outstanding stock have already agreed to tender their shares.
If you own common stock in Fortegra and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/FRF-Info-Request-Form-342.
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.