Patriot National in Midst of Turbulent Year

In announcing a $20.3 million net loss for the fourth quarter of 2016, Patriot National founder and Chief Executive Officer Steven Mariano acknowledged the results were disappointing, while expressing optimism for 2017. But the challenges have continued for Patriot National in 2017, a year that has so far seen Mariano’s resignation as CEO, chairman and president in July; the resignation of chief financial officer Thomas Shields in August; and a class-action lawsuit filed by shareholders in March over a scrapped deal in which Patriot National would have been acquired by Ebix. And mo...