NEW YORK,
Oct. 11, 2013 /PRNewswire/
-- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP,
a leading national securities firm headquartered in New York City, is investigating the Board of
Directors of Eastern Insurance Holdings, Inc. ("Eastern Insurance"
or the "Company") (NasdaqGS: EIHI) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to ProAssurance Corporation (NYSE: PRA) in a
cash deal valued at approximately $205
million. Under the terms of the proposed transaction,
Eastern Insurance's stockholders will receive $24.50 for each share of Eastern Insurance common
stock they own.
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Request more information now by clicking here:
www.faruqilaw.com/EIHI. There is no cost or
obligation to you.
The investigation focuses on whether Eastern Insurance's
Board of Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Eastern Insurance's
shareholders.
Faruqi & Faruqi, LLP is a national law firm which
represents investors and individuals in class action
litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation,
throughout all phases of litigation. The firm
has an experienced trial team which has achieved significant
victories on behalf of the firm's clients.
If you own common stock in Eastern Insurance and wish to
obtain additional information and protect your investments free of
charge, please visit us at www.faruqilaw.com/EIHI or contact
Juan E. Monteverde, Esq. either via
e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington
Avenue, 10th Floor
New York, NY
10017
Attn: Juan E.
Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877)
247-4292
Phone: (212)
983-9330
Attorney Advertising. (C) 2013 Faruqi & Faruqi,
LLP. The law firm responsible for this
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(www.faruqilaw.com). Prior results do not
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matter. We are happy to discuss your particular
case.
SOURCE Faruqi & Faruqi, LLP