SHAREHOLDER ALERT: WeissLaw LLP Investigates Protective Insurance Corporation

NEW YORK, Feb. 16, 2021 /PRNewswire/ --

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Protective Insurance Corporation ("Protective" or the "Company") (NASDAQ: PTVCA) in connection with the proposed acquisition of the Company by The Progressive Corporation.  Under the terms of the merger agreement, Protective shareholders will receive $23.30 in cash for each share of Protective common stock that they hold.  The transaction is valued at approximately $338 million.

If you own Protective shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslawllp.com/PTVCA/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw LLP is investigating whether the special committee of Protective's board ("Special Committee") acted in the best interest of Protective's public shareholders in agreeing to the proposed transaction, whether the $23.30 merger consideration adequately compensates Protective's shareholders, and whether all information regarding the process undertaken by the board and Special Committee and the valuation of the transaction will be fully and fairly disclosed to Protective's public shareholders. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

SOURCE WeissLaw LLP

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