The Law Firm of Levi & Korsinsky, LLP
Announces Investigation of PICO Holdings Inc.
July 11, 2011 07:01 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky, LLP is investigating PICO Holdings Inc.
(“PICO” or the “Company”) (NASDAQ: PICO), and its Board of Directors, in connection with the Company’s
2010 compensation for its CEO. If you owned shares during this time period, you may be affected.
To get more information, click here: http://zlk.9nl.com/pico-holdings/.
At the Company’s recent annual shareholder meeting held May 13, 2011, shareholders voted “no” on PICO's say
on pay provision. The investigation concerns whether certain the CEO of PICO was awarded salaries, bonuses,
and/or other forms of compensation that were excessive or unwarranted based on PICO’s performance.
Specifically, total compensation for PICO’s CEO increased almost eight times from 2008 to 2010. The total CEO
compensation was $1.82 million in 2008 versus approximately $14.278 in 2010, including a stock grant of $12.276.
The CEO's compensation increased despite the fact that PICO's stock prices fell from a high of $47.64 per share in
2008, to $31.39 in January of 2010, to a current share price of about $29 per share.
To speak directly to an attorney please contact Eduard Korsinsky, Esq. either via email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/picoholdings-pico.html.
Levi & Korsinsky has expertise in protecting shareholders’ rights and prosecuting investor securities litigation. The
attorneys at Levi & Korsinsky have extensive experience in litigating actions on behalf of shareholders victimized by
financial fraud and represent investors throughout the nation. Levi & Korsinsky has been appointed by numerous
courts throughout the country to serve as lead counsel on behalf of shareholders in major securities fraud cases. For
more information, please feel free to contact any of the attorneys listed below.
Attorney advertising. Please be aware that prior results never guarantee similar future outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972