The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
14 Octobre 2010 - 12:16AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
First Franklin Corp. (“First Franklin” or the “Company”)
(Nasdaq:FFHS) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to Cheviot Financial Corp. (Nasdaq: CHEV) (“Cheviot”).
Under the terms of the transaction, First Franklin will be acquired
by Cheviot with First Franklin shareholders receiving $14.50 per
share in cash.
Click here to learn how to join the action:
http://www.zlk.com/firstfranklin-ffhs.html, or call:
877-363-5972.
The investigation concerns whether the First Franklin Board of
Directors breached their fiduciary duties to its stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Cheviot is underpaying for First Franklin
shares, thus unlawfully harming First Franklin stockholders.
If you own common stock in First Franklin and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/firstfranklin-ffhs.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions.
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