DALLAS--(BUSINESS WIRE)--Kendall Law Group, led by former federal judge Joe Kendall, is investigating FPIC Insurance Group, Inc. (NASDAQ: FPIC) for shareholders in connection with the proposed acquisition by The Doctors Company. The national securities firm’s investigation seeks to determine whether FPIC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a FPIC shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On May 24, 2011, the companies announced the definitive merger agreement under which FPIC would be acquired by The Doctors Company, in a transaction valued at approximately $362 million. Under the terms of the agreement, FPIC stockholders will receive $42.00 in cash for each share of FPIC common stock held. The firm’s investigation seeks to determine whether FPIC and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.