IRVINE, CA / ACCESSWIRE / May 12, 2017 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against Patriot National, Inc. ("Patriot" or the "Company") (NYSE: PN). Investors who purchased or otherwise acquired shares between August 15, 2016 and March 3, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm by May 15, 2017, the lead plaintiff motion deadline.
If you purchased Patriot shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may also take no action and remain a passive class member.
The complaint alleges that during the Class Period, Patriot made materially false and misleading statements and/or failed to disclose that: the Company's special committee was beholden to Chief Executive Officer Steve Mariano, thus, the special committee was operating for the benefit of Mariano and not Patriot or its shareholders; that the special committee did not independently assess the merits of the Ebix transaction; that the special committee was not exploring strategic alternatives in order to maximize shareholder value; and that as a result of the above, Patriot's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis. Following this news, Patriot's stock price lowered significantly, which harmed investors according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Contact
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 463082
