BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Lumina Gold Corp. (OTC - LMGDF), Mesa Air Group, Inc. (Nasdaq - MESA), Mr. Cooper Group Inc. (Nasdaq – COOP), ProAssurance Corporation (NYSE - PRA)
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Investigation Announcements: Brodsky & Smith is investigating several companies, including Lumina Gold Corp., Mr. Cooper Group Inc., ProAssurance Corporation, and Mesa Air Group, for potential breaches of fiduciary duties by their boards during acquisition processes, questioning whether shareholders are receiving fair value for their shares.
Acquisition Details: Each company involved is set to be acquired at specified prices per share, with concerns raised about the fairness of these transactions and the impact on shareholder equity, prompting legal scrutiny from Brodsky & Smith.
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About PRA
ProAssurance Corporation is a specialty insurer with expertise in medical professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. The Company's segments include Specialty P&C, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance and Corporate. The Specialty Property and Casualty (Specialty P&C) segment is focused on professional liability insurance and medical technology liability insurance. Professional liability insurance is offered to healthcare providers and institutions and, to a lesser extent, to attorneys and their firms. The Workers' Compensation Insurance segment offers workers' compensation products in approximately 19 states in the East, South and Midwest regions of the continental United States. The Segregated Portfolio Cell Reinsurance segment includes the results of SPCs at Inova Re and Eastern Re, the Company's Cayman Islands SPC operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
