SHAREHOLDER UPDATE:  Brodsky & Smith, LLC Announces an Investigation of OneBeacon Insurance Group, Ltd. -OB

 

BALA CYNWYD, June 15, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of OneBeacon Insurance Group, Ltd.. (“OneBeacon” or “the Company”) (NYSE- OB-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Intact Financial Corporation (“Intact Financial”).

Under the terms of the transaction, OneBeacon shareholders will receive only $18.10 in cash for each share of OneBeacon stock they own. The investigation concerns whether the Board of  OneBeacon breached their fiduciary duties to shareholders and whether Intact Financial is underpaying for the Company. The investigation also seeks to determine if conflicts of interest played a role in the transaction. It has been reported that the CEO of OneBeacon stands to receive up to $10 million from the potential transaction.

If you own shares of OneBeacon stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.