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Faruqi & Faruqi, LLP Announces Investigation of Delphi Financial Group, Inc.
Faruqi & Faruqi, LLP Announces Investigation of Delphi Financial Group, Inc.
Faruqi & Faruqi, LLP is investigating the conduct of the Board of Directors of Delphi Financial for potential breaches of fiduciary duties related to the sale of the company to Tokio Marine Holdings.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 21, 2011 --
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Delphi Financial Group, Inc. (“Delphi” or the “Company”) (NYSE:DFG) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Tokio Marine Holdings Inc. in an all-cash deal valued at about $2.7 billion. Under the terms of the proposed transaction, Delphi stockholders will receive $43.875 in cash for each share of Class A common stock they own and $52.875 in cash for each share of Class B common stock they own.
Request more information now by clicking here: www.faruqilaw.com/DFG
Whether Delphi’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Delphi’s shares and by how much this proposed transaction undervalues the Company to the detriment of Delphi’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Delphi and wish to obtain additional information, please visit us at www.faruqilaw.com/DFG or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
SOURCE: Faruqi & Faruqi, LLP
Where: Leipzig,Germany
Industry: Business Services
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