Company Website:
http://rosenlegal.com/cases-1085.html
NEW YORK -- (Business Wire)
Rosen Law Firm, a global investor rights law firm, reminds purchasers of
Patriot National, Inc. securities (NYSE:PN) from August 15, 2016 through
March 3, 2017, inclusive (the “Class Period”) of the important May 15,
2017 lead plaintiff deadline in the class action. The lawsuit seeks to
recover damages for Patriot National investors under the federal
securities laws.
To join the Patriot National class action, go to http://rosenlegal.com/cases-1085.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
The complaint alleges that defendants during the Class Period made false
and misleading statements and/or failed to disclose that: (1) Patriot
National special committee was beholden to CEO Steve Mariano; (2) as
such, the special committee was operating for the benefit of Mariano and
not Patriot National or its shareholders; (3) the special committee did
not independently assess the merits of the Ebix transaction; (4) the
special committee was not exploring strategic alternatives in order to
maximize shareholder value; and (5) as a result, defendants’ statements
about Patriot National’s business, operations, and prospects, were false
and misleading and/or lacked a reasonable basis. When the true details
entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than May 15, 2017. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to http://rosenlegal.com/cases-1085.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Attorney Advertising. Prior results do not guarantee a
similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170427006833/en/
Contacts:
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin
Chan, Esq.
275 Madison Avenue, 34th Floor
New York,
NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax:
(212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Source: The Rosen Law Firm, P.A.
© 2024 Canjex Publishing Ltd. All rights reserved.