Trean Insurance Group, Inc.

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Ademi LLP is investigating Trean (Nasdaq: TIG) for possible breaches of fiduciary duty and other violations of law in its transaction with Altaris.

Ademi LLP alleges Trean’s financial outlook and prospects are excellent and yet Trean shareholders are expected to receive only $6.15 in cash per share even though Altaris currently owns approximately 47% of Trean’s outstanding common stock. The transaction agreement unreasonably limits competing bids for Trean by imposing a significant penalty if Trean accepts a superior bid. Trean insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Trean’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Trean.