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Patriot National, Inc. (NYSE: PN)
Copyright © 2006-2017 Law Offices of Howard G. Smith
This ;lawsuit is for anyone who acquired securities in Patriot National, Inc. (NYSE: PN) from August 15, 2016 through March 3, 2017.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, during the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company failed to timely disclose that its CEO was involved in self-dealing to the Company's detriment.

On March 3, 2017, the Company announced that it had entered into an agreement with Guarantee Insurance Group and Steve Mariano, regarding the service agreements between the Company and GIG’s wholly -owned subsidiary Guarantee Insurance Company. Mr. Mariano is both the Chairman, CEO, and majority owner of Patriot National, as well as the majority owner of GIG. The Company further disclosed that GIC is the Company’s principal customer, with contracts and relationships from GIC generating $107.8 million, or 59% of the Company’s Total Fee Income and Fee Income from Related Party for the nine-months ended September 30, 2016. This disclosure comes on the heels of a report in December of 2016 that a Patriot National shareholder sued the Company in Delaware based on allegations that Mr. Mariano had been using the company “as his personal piggy bank” and that Mariano made a series of decisions that were detrimental to the Company’s business, but that allowed him to retain control of the Company. On this news, the price of the Company's stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Patriot National, Inc. (NYSE: PN) from August 15, 2016 through March 3, 2017 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
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I, the Plaintiff, certify that:
1.  I have reviewed the Complaint and authorized its filing.

2.  Plaintiff did not purchase the security that is the subject of this
     action, at the direction of plaintiff's counsel or in order to   
     participate in any private action arising under this title.

3.  I am willing to serve as a representative party on behalf of a class
     and will testify at deposition and trial, if necessary.

4.  My transactions in the securities, which are the subject of this 
     action, during the Class Period set forth in the Complaint are as
     follows:
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5.  I have not served as a representative party on behalf of a class
     under the federal security laws during the last three years, except
     if detailed below.
6.  I will not accept any payment for serving as a representative party,
     except to receive my pro rata share of any recovery or as ordered
     or approved by the court including the award to a representative
     plaintiff of reasonable costs and expenses (including lost wages)
     directly relating to the representation of the class.
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