Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Thursday, November 12, 2015
Faruqi & Faruqi Investigation: Fidelity & Guaranty Life
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Fidelity & Guaranty Life (“Fidelity” or the “Company”) (NYSE:FGL) for potential breaches of fiduciary duties in connection with the sale of the Company to Anbang Insurance Group Co., Ltd. for approximately $1.57 billion in a cash transaction.
The Company’s stockholders will only receive $26.80 for each share of Company common stock they own. However, the offer is below the 52-week high of $27.87 per share.
If you own common stock in Fidelity and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.