SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces It Has Filed a Class Action Lawsuit on Behalf of FirstMerit Corporation Sh...
13 Avril 2016 - 12:12AM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased shares of FirstMerit Corporation (“FirstMerit”)
(NASDAQ:FMER) prior to the January 26, 2016 merger
announcement. You are hereby notified
that a securities class action lawsuit has been commenced in the
USDC for the Northern District of Ohio, Eastern Division. To get
more information go to:
http://zlk.9nl.com/firstmerit-fmer
or contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972. There is no cost or obligation to
you.
On January 26, 2016, FirstMerit announced it had
entered a merger agreement wherein Huntington Bancshares, Inc.
would acquire all the outstanding shares of FirstMerit for 1.72
shares of Huntington common stock and $5.00 in cash per share of
FirstMerit common stock. The complaint alleges that the Board of
Directors of FirstMerit breached its fiduciary duties and violated
securities laws by undervaluing FirstMerit, entering into deal
protection provisions that unreasonably deter third party bidders
from offering topping bids, and issuing materially incomplete and
misleading information in documents related to the proposed
transaction.
If you suffered a loss in FirstMerit you
have until June 13, 2016 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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