The Law Office of Abe Shainberg Announces Investigation of FPIC Insurance Group, Inc. – FPIC

NEW YORK--(BUSINESS WIRE)--The Law Office of Abe Shainberg is investigating the Board of Directors of FPIC Insurance Group, Inc. (Nasdaq: FPIC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to The Doctors Company. Under the terms of the transaction, FPIC shareholders will receive $42 cash per share for a total transaction value of approximately $362 million.

The investigation concerns whether the FPIC Board of Directors breached their fiduciary duties to FPIC stockholders by failing to adequately shop the Company before entering into this transaction and whether The Doctors Company is underpaying for FPIC shares.

If you own common stock in FPIC and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [e-mail] or by telephone at [phone], or visit http://www.ashainberglaw.com/fpic-insurance-group.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.