NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Assurant, Inc. (“Assurant” or the “Company”) (NYSE:AIZ), concerning whether the company and certain of its officers and directors have violated federal securities laws.
On January 11, 2012, Assurant fell $2.48 or 6% and closed at $38.05 after The Wall Street Journal reported the insurer is among those being investigated by the New York Department of Financial Services for possibly charging excessive fees. The Department of Financial Services is looking into whether homeowners were burdened with overpriced so-called force-placed insurance, said a person, who didn’t have authority to speak publicly about the matter and declined to be identified. The insurance is issued to protect the property securing a mortgage loan when a homeowner’s original coverage lapses. The Department of Financial Services is looking into pricing practices, relationships between the companies involved and whether kickbacks are being paid, the person said.
If you are aware of any facts relating to this investigation, or purchased shares of Assurant, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate work, private securities offerings, and securities arbitration.