Investigation of Fortegra Financial Corporation
Smithtown, New York – August 14, 2014
The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of Fortegra Financial Corporation (NYSE: FRF) (“Fortegra”) for possible breaches of fiduciary duties and other violations of law in connection with Fortegra’s agreement to be acquired by Tiptree Financial Inc. (NASDAQ CM: TIPT) (“Tiptree”) in a transaction valued at approximately $218 million.
Under the terms of the agreement, public shareholders of Fortegra would receive $10.00 in cash for each share of Tiptree they own.
The investigation concerns whether Fortegra’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Fortegra’s stockholders would be fair and adequate, and whether Fortegra is acting in its stockholders’ best interests.