STEVENSON, Md., Jan. 12, 2015 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan on behalf of all common stockholders of Meadowbrook Insurance Group, Inc. ("Meadowbrook" or the "Company") (NYSE:MIG) relating to the proposed buyout of the Company by Fosun International Limited ("Fosun").
The complaint seeks relief on behalf of the named plaintiff and all other similarly situated shareholders of Meadowbrook and asserts whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Meadowbrook shareholders.
If you currently own common stock of Meadowbrook and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.