SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Fir...
29 December 2012 - 5:57AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
FirstCity Financial Corporation (“FirstCity” or the “Company”)
(NasdaqGS: FCFC) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Varde Partners, Inc.
Click here to learn how to join the action:
http://zlk.9nl.com/firstcity-fcfc, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, FirstCity shareholders will
receive $10.00 for each share of FirstCity stock they own. The
transaction has total approximate value of $224.9 million. The
investigation concerns whether the FirstCity Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Varde Partners, Inc. is underpaying for FirstCity
shares, thus unlawfully harming FirstCity stockholders.
If you own common stock in FirstCity 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
http://zlk.9nl.com/firstcity-fcfc.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. 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 securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Firstcity Financial Corp. (MM) (NASDAQ:FCFC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Firstcity Financial Corp. (MM) (NASDAQ:FCFC)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Firstcity Financial Corp. (MM) (NASDAQ): 0 recent articles
More Levi & Korsinsky, LLP News Articles