Shareholder Suit Against APCapital Dismissed

A shareholder lawsuit brought against American Physicians Capital Inc. and two of its officers alleging securities fraud violations on behalf of a proposed class of shareholders has been dismissed with prejudice, the company announced recently.

“I am very pleased with the ruling handed down yesterday and glad we can put this distraction behind us so we can devote 100 percent of our efforts to running our business,” said R. Kevin Clinton, president and CEO of the East Lansing, Mich.-based medical liability insurer.