LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC announces the filing of a class action lawsuit against Patriot National, Inc. (“Patriot” or the “Company”) (NYSE: PN). Investors who purchased or otherwise acquired Patriot shares between August 15, 2016, and March 3, 2017, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the May 15, 2017 lead plaintiff deadline.
If you purchased or otherwise acquired Patriot shares and would like more information regarding the class action lawsuit, we encourage you to click here, or contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.
According to the Complaint, during the Class Period, Patriot made false and misleading statements and/or failed to disclose that: its special committee was beholden to CEO Steve Mariano; as such, the special committee was working for the benefit of the CEO and not Patriot National or its investors; the special committee did not independently consider the merits of the Ebix transaction; the special committee did not consider strategic alternatives to maximize shareholder value; and as a result, Patriot’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
When this information was revealed to investors, the value of Patriot fell, causing investors harm.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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