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Patriot National, Inc. (PN) Information Request Form

Levi & Korsinsky announces it has filed an amended complaint on behalf of Patriot National, Inc. (NYSE: PN) shareholders who purchased or otherwise acquired Patriot shares since its initial public offering on January 16, 2015. You are hereby notified Levi & Korsinsky has filed an amended complaint in the Court of Chancery of the State of Delaware challenging the unlawful conduct of Patriot National and its insiders.

The complaint alleges that Steven M. Mariano—Chairman, President, CEO, Board member, and majority stockholder of the Company—has engaged in a series of behaviors to benefit himself and to the detriment of shareholders, often without the knowledge or approval of other Board members. In particular, the complaint alleges that, among other allegations, Mariano: (1) engaged in a series of post-IPO related-party transactions to enrich himself and other insiders; (2) arranged a private placement for $50 million of Company stock to a group of hedge funds in order to bail out himself and his other entities from a personal liquidity crisis; (3) renegotiated the private placement to provide the Company with no consideration after the market punished the disloyalty of said placement while still sending $30 million to himself; and (4) secretly engaged a second parallel set of advisors in the Company’s name without Board knowledge or approval to shop the Company in search of the best deal for himself; and (5) forced the Board to approve a leveraged recapitalization, over the objection of an independent director, who had resigned in protest.  These disloyal acts have cost the Company and its minority stockholders hundreds of millions of dollars.

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This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained Levi & Korsinsky, LLP to represent you as a named plaintiff in a shareholder action involving Patriot National, Inc.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other Patriot National, Inc. shareholders.


Levi & Korsinsky,LLP

Joseph Levi

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