National Western Life Group, Inc.

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Ademi LLP is investigating National Western (NASDAQ:NWLI) for possible breaches of fiduciary duty and other violations of law in its transaction with Prosperity Life Group.

In the transaction, National Western stockholders are expected to receive only $500 per share of National Western’s Class A Common Stock and Class B Common Stock in an all-cash transaction valued at approximately $1.9 billion. The transaction agreement unreasonably limits competing transactions for National Western by imposing a significant penalty if National Western accepts a competing bid. National Western insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of National Western’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.