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IRVINE, Calif., April 20, 2017 -- Khang & Khang LLP (the “Firm”) announces the filing of 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 in advance of the May 15, 2017 lead plaintiff motion deadline.
If you purchased Patriot shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to 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 CEO Steve Mariano, thus, the special committee was operating for the benefit of Mariano and not Patriot National 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. When this news was released to the public, the Company’s stock price dropped, thus harming investors.
If you wish to learn more about this lawsuit, or if you have any questions concerning 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 [email protected].
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
