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The Law Offices of Vincent Wong are investigating the Board of Directors of Infinity Property and Casualty Corporation ("Infinity" or the "Company") (NASDAQ:IPCC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kemper Corporation (NYSE:KMPR). Under the terms of the deal, Infinity stockholders will receive $51.60 in cash and 1.2019 Kemper common shares for each share of Infinity stock they own.
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The investigation concerns whether the Infinity's Board of Directors breached their fiduciary duties to Infinity stockholders by failing to adequately shop the Company before entering into this transaction and whether Kemper Corporation is underpaying for Infinity shares, thus unlawfully harming Infinity stockholders.
If you own common stock in Infinity and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or http://docs.wongesq.com/IPCC-Info-Request-Form-1832.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180228006314/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.