A Cahill litigation team, lead by partners Brad Bondi and Jason Hall and counsel Peter Linken, successfully reached a preliminary settlement for its officer and director clients in a shareholder suit in which investors accused Patriot National Inc. and ce


A Cahill litigation team, lead by partners Brad Bondi (Picture) and Jason Hall and counsel Peter Linken, successfully reached a preliminary settlement for its officer and director clients in a shareholder suit in which investors accused Patriot National Inc. and certain officers and directors of failing to consider a $475,000,000 takeover offer from insurance software maker Ebix Inc.

U.S. District Judge Edgardo Ramos granted preliminary approval for the settlement. The case is In re: Patriot National Inc. Securities Litigation, case number 1:17-cv-01866, in the U.S. District Court for the Southern District of New York.

Patriot National, Inc. is a national provider of outsourcing solutions within the workers’ compensation marketplace for insurance companies, employers, local governments, and reinsurance captives.

Involved fees earner: Bradley Bondi – Cahill Gordon & Reindel; Jason Hall – Cahill Gordon & Reindel; Peter Linken – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Patriot National, Inc.;

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Author: Ambrogio Visconti