NEW YORK, Oct. 3, 2011 /PRNewswire/ -- Levi & Korsinsky
is investigating the Board of Directors of Harleysville Group Inc.
("Harleysville Group" or the "Company") (NASDAQ: HGIC) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Nationwide Mutual
Insurance Company. Under the terms of the transaction,
Harleysville Group shareholders will receive $60.00 for each share of Harleysville Group stock
they own, while Harleysville Mutual policyholders will become
policyholders and members of Nationwide Mutual Insurance Company.
The transaction has a total value of approximately
$1.63 billion.
Click here to learn more about the investigation:
http://www.zlk.com/harleysville-group-hgic, or call:
877-363-5972.
The claims concern whether the Harleysville Group Board of
Directors breached their fiduciary duties to Harleysville Group
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Nationwide Mutual
Insurance is underpaying for Harleysville Group shares, thus
unlawfully harming Harleysville Group stockholders.
If you own common stock in Harleysville Group and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP