Faruqi & Faruqi Investigation: Fidelity & Guaranty Life

Faruqi & Faruqi, LLP Announces the Investigation of Fidelity & Guaranty Life (FGL) Over the Proposed Sale of the Company to Anbang Insurance Group Co., Ltd.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Fidelity & Guaranty Life (“Fidelity” or the “Company”) (NYSE:FGL) for potential breaches of fiduciary duties in connection with the sale of the Company to Anbang Insurance Group Co., Ltd. for approximately $1.57 billion in a cash transaction.
The Company’s stockholders will only receive $26.80 for each share of Company common stock they own. However, the offer is below the 52-week high of $27.87 per share.
If you own common stock in Fidelity and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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