BALA CYNWYD, Pa., May 4, 2016 /PRNewswire/ -- Law office of Brodsky
& Smith, LLC announces that it is investigating potential
claims against the Board of Directors of First Clover Leaf
Financial Corp. ("First Clover Leaf" or "the Company") (Nasdaq-
FCLF-News) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to First Mid-Illinois Bancshares Inc. ("First Mid-Illinois").
Click here to learn more about the investigation
http://brodsky-smith.com/1068-fclf-first-clover-leaf-financial-corp.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, First Clover Leaf
shareholders will receive only $12.87
in cash or 0.495 of a First Mid-Illinois share of stock for each
share of First Clover Leaf stock they own. The investigation
concerns whether the Board of First Clover Leaf breached
their fiduciary duties to shareholders and whether First
Mid-Illinois is underpaying for the Company. The transaction may
undervalue the Company and would result in a loss for many First
Clover Leaf shareholders. For example, First Clover Leaf stock
traded at $26.40 per share on
January 8, 2015 and an analyst has
set a $30.00 per share price target
for First Clover Leaf stock.
If you own shares of First Clover Leaf stock and wish to discuss
the legal ramifications of the investigation, or have
any questions, you may e-mail or call the law office of Brodsky
& Smith, LLC who will, without obligation or cost to you,
attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1068-fclf-first-clover-leaf-financial-corp.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC
