SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

October 05, 2011 10:32 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Harleysville Group Inc. in Connection With Sale of the Company to Nationwide Mutual Insurance Company

NEW YORK, NY--(Marketwire - Oct 5, 2011) - Levi & Korsinsky notifies investors of Harleysville Group Inc. ("Harleysville Group" or the "Company") (NASDAQ: HGIC) of claims of breaches of fiduciary duty and other violations of state law against the Board of Directors of the Company 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. A complaint was filed in Delaware state court.

Click here to learn more about the investigation: http://zlk.9nl.com/400719, or call: 877-363-5972.

The claim concerns 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/harleysville-group-hgic.html.

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 Information

  • 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