The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of First Mercury Financial Corp. by Fairfax...
29 Octobre 2010 - 6:29PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors ("Board") of First Mercury
Financial Corporation ("First Mercury" or the "Company") (NYSE:
FMR) in connection with their efforts to sell First Mercury to
Fairfax Financial Holdings Limited ("Fairfax Financial"). If the
transaction is completed, First Mercury shareholders will receive
$16.50 in cash for each share of First Mercury common stock they
hold. The transaction is expected to close in the first quarter of
2011.
Robbins Umeda LLP's investigation concerns whether First
Mercury's Board undertook a fair process to obtain fair
consideration for all shareholders of First Mercury. Specifically,
our investigation concerns whether members of the Company's Board
breached their fiduciary duties to First Mercury shareholders by
failing to adequately shop the Company before entering into the
transaction with Fairfax Financial.
If you are a shareholder of First Mercury, plan to continue to
hold your shares, and would like more information about your rights
as a shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP is a securities litigation firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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