We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of The National Security Group, Inc. (“The National Security Group” or the “Company”) (NASDAQ: NSEC), in connection with the proposed acquisition of the Company by VR Insurance Holdings, Inc. Under the terms of the merger agreement, the Company’s shareholders will receive $16.35 in cash for each share of The National Security Group common stock that they hold. The transaction is valued at approximately $41.4 million.
WeissLaw LLP is investigating whether (i) The National Security Group’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $16.35 per-share merger consideration adequately compensates The National Security Group’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.