WILMINGTON, Del., Oct. 11, 2013 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of Eastern Insurance Holdings, Inc.
(NASDAQ GS: EIHI)?
- Did you purchase any of your shares prior to September 24, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Eastern
Insurance Holdings, Inc. ("Eastern" or the "Company") (NASDAQ GS:
EIHI) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by ProAssurance Corporation ("ProAssurance") (NYSE:
PRA) in a transaction valued at approximately $205 million.
Click here to learn more:
http://rigrodskylong.com/investigations/eastern-insurance-holdings-inc-eihi.
Under the terms of the agreement, public shareholders of Eastern
will receive $24.50 per share in cash
for each share of Eastern they own.
The investigation concerns whether Eastern's board of directors
failed to adequately shop the Company and obtain the best possible
value for Eastern's shareholders before entering into an agreement
with ProAssurance.
If you own the common stock of Eastern and purchased your shares
before September 24, 2013, 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 Rigrodsky or Brian
Long at Rigrodsky & Long, P.A., 825 East Gate Boulevard,
Suite 300, Garden City, New York
11530, by telephone at (888) 969-4242; by e-mail to
info@rigrodskylong.com, or at:
http://rigrodskylong.com/investigations/eastern-insurance-holdings-inc-eihi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth Rigrodsky
Brian Long
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.