The Law Offices of Howard G. Smith is investigating whether Herbert Kurz, as a member of the Board of Directors of Presidential Life Corporation (NASDAQ: PLFE), breached his fiduciary duty to the Company by misappropriating Company funds for his personal use.
Specifically, the Law Offices of Howard G. Smith believes that Mr. Kurz misappropriated corporate funds for his personal use because, on December 10, 2009, the Company issued a press release announcing that it discovered “issues concerning potential self dealing by Mr. Kurz and improper use of charitable assets for personal expenses.”
The Law Offices of Howard G. Smith believes that Mr. Kurz acted unfairly towards the Company and seeks to recover money from him for the Company. The lawsuit seeks to benefit shareholders who currently own the stock by increasing their share price when Mr. Kurz is made to pay back to the Company the money that he misappropriated from the Company. If you currently own stock in Presidential Life Corporation (NASDAQ: PLFE), please call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you, or complete the online questionnaire and Mr. Smith will promptly call you.
