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RLI Corp. (NYSE:RLI) Investor Investigation Announced

  • If you are a current long-term stockholder in shares of RLI Corp. (NYSE:RLI), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
RLI Corp.
Security
NYSE: RLI

Summary

Mar. 25, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term investors of RLI Corp. (NYSE:RLI) shares over potential breaches of fiduciary duties by certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm concerns whether certain RLI officers and directors breached their fiduciary duties and caused damage to the company. and its shareholders by potentially failing to implement adequate internal controls.

RLI Corp. (NYSE:RLI) reported that its annual Total Revenue rose from $619.17 million in 2011 to $660.77 million in 2012. However, its respective Net Income declined from $126.60 million to $103.35 million.
The total compensation of certain top officials at RLI Corp. increased between 2011 and 2012. For instance, the president and CEOs pay rose from over $3.9 million in 2011 to over $4.5 million in 2012 and the President and COOs total compensation increase from over $2.44 million in 2011 to over $2.8 million in 2012.

Shares of RLI Corp. (NYSE:RLI) closed on May 25, 2013, at $71.40 per shares.

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