Protective Life Corporation Merger Litigation (NYSE: PL)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Protective Life Corporation in Connection with the Sale of the Company- PL
BALA CYNWYD, June 4, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Protective Life Corp. (“Protective Life” or the “Company”) (NYSE –PL-News) relating to the proposed acquisition by Dai-ichi Life Insurance Co. (“Dai-ichi”).
Under the terms of the transaction, Protective Life shareholders will receive only $70.00 in cash for each share of Protective Life stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Protective Life for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue Protective Life and appears to be an attempt to take advantage of the discounted valuations in the life sector. As a result of continued low interest rates stocks in the life sector have had some of the lowest valuations in the S&P 500.
If you own shares of Protective Life common stock and wish to discuss the legal ramifications of the investigation, 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 calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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