IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) 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 shares of Patriot during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint alleges that during the Class Period, Patriot made false and misleading statements and/or failed to disclose that: its 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 viable 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 disclosed to the investing public, the value of Patriot stock dropped, causing investors harm.
If you wish to learn more about this lawsuit at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at email@example.com.
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