Trean Insurance Group Investors May Have Legal Claims – TIG
Date28 Dec 2022//
CategoriesBlog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether the directors of Trean Insurance Group, Inc. (“Trean Insurance” or “Trean”) (NASDAQ: TIG) breached their fiduciary duties to the shareholders of Trean Insurance in approving a merger with affiliates of Altaris Capital Partners, LLC (“Altaris Capital”) for inadequate consideration.
The investigation concerns whether the board of directors of Trean Insurance failed to maximize the value of Trean for the benefit of its shareholders in connection with the announced merger with Altaris Capital, in breach of their fiduciary duties to Trean’s shareholders, and whether Trean’s shareholders have suffered financial damages as a result.
On December 15, 2022, Trean Insurance entered into an agreement to be bought out by Altaris for $6.15 per share. The transaction is valued at approximately $316 million.
INVESTORS OF TREAN INSURANCE ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR TREAN INSURANCE SECURITIES.
TREAN INSURANCE SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE INVESTIGATION AND FOR A FREE, NO-OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.