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Article: Berman, DeValerio & Pease LLP: Brokers Sue Provident, Paul Revere; Seek Treble Damages
- Article from:
- PR Newswire
- Article date:
- June 17, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WORCESTER, Mass., June 17 /PRNewswire/ -- About 10,000 Paul Revere Corp. (NYSE: PRL) insurance brokers sued the company Tuesday alleging it denied them millions of dollars in commissions as part of a plan by its parent company, Textron, Inc. (NYSE: TXT), to bolster Paul Revere's value in anticipation of its sale.
Provident Companies, Inc. (NYSE: PVT) acquired Paul Revere from Textron last year.
The class-action lawsuit, filed in Worcester Superior Court, names Provident and Paul Revere as defendants and seeks treble damages.
The lawsuit alleges that Paul Revere, beginning in January 1995, cut broker commissions retroactively on premium ...
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Article: Shareholder Lawsuits Filed Alleging Fraud, Announces Berman, ...
PR Newswire;
August 26, 1998 ;
700+ words
... ... against them by Berman, DeValerio & Pease LLP. Your rights may be affected by these ... may contact Berman, DeValerio & Pease LLP to discuss any of these lawsuits and ... Paralegal of Berman, DeValerio & Pease LLP at 800-516-9926. You can write to ...
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