Nymagic, Inc. Merger Litigation (NYSE: NYM)
Law Office of Brodsky & Smith, LLC Announces Investigation of Nymagic, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nymagic, Inc. (“Nymagic” or the “Company”) (NYSE: NYM – News) relating to the proposed acquisition by ProSight Specialty Insurance Holdings, Inc. (“ProSight”).
Under the terms of the agreement, Nymagic shareholders would receive cash of $25.75 for each share of Nymagic stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Nymagic stock was trading at $23.98 a share as recently as April 23, 2010 and was trading at $22.07 a share on June 15, 2010
If you own shares of Nymagic and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
To Join the Nymagic, Inc. Litigation
Fill out this form
The complaint is unavailable at this time