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Joseph Stilwell, an investor in and former director of SCPIE Holdings Inc., claims that SCPIE CEO Donald Zuk made misleading statements about the company's sale to Doctors Co. An Interinsurance Exchange during an Oct. 17 conference call regarding the acquisition.
Stilwell, who resigned from SCPIE's board on Oct. 16, has publicly opposed the sale of SCPIE to Napa, Calif.-based Doctors Co. because he believes the board accepted an inferior offer. SCPIE reported Oct. 16 that...