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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Investors Heritage Capital Corporation (“Investors Heritage” or the “Company”) (OTCMKTS: IHRC) to Aquarian Investors Heritage Holdings LLC for $44.75 per share.
The investigation concerns whether the Board of Investors Heritage breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Aquarian Investors Heritage Holdings, LLC is underpaying for Investors Heritage shares, thus unlawfully harming Investors Heritage shareholders.
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