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ProAssurance Corporation (PRA)

(NYSE: PRA)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against ProAssurance Corporation (PRA) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ProAssurance Corporation (“ProAssurance” or the “Company”) (NYSE: PRA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the Company’s 2014 Equity Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 5, 2013, the Board of Directors recommends that ProAssurance’s shareholders vote to approve the ProAssurance Corporation 2014 Equity Incentive Plan, which would authorize the issuance of up to 4,000,000 shares of Common Stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of ProAssurance common stock.

If you own common stock in ProAssurance and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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  • Company:
    ProAssurance Corporation (PRA)
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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

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