The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
29 Octobre 2010 - 12:44AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
First Mercury Financial Corporation (“First Mercury” or the
“Company”) (NYSE: FMR) for possible breaches of fiduciary duty and
other violations of state law in connection with their attempt to
sell the Company to Fairfax Financial Holdings Limited (“Fairfax
Financial”). Under the terms of the transaction, First Mercury
shareholders will receive $16.50 in cash for each share of First
Mercury common stock they own for a total transaction value of
approximately $294 million.
Click here to learn how to join the action:
http://www.zlk.com/first-mercury-fmr.html, or call:
877-363-5972.
The investigation concerns whether the First Mercury Board of
Directors breached their fiduciary duties to First Mercury
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Fairfax Financial is
underpaying for First Mercury shares, thus unlawfully harming First
Mercury stockholders. In particular, the Company reported a book
value of $16.87 per share for the most recent quarter.
If you own common stock in First Mercury 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/first-mercury-fmr.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. For more information, please
feel free to contact any of the attorneys listed below.
First Mercury Financial Corp (NYSE:FMR)
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