SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of FirstCity F
18 January 2013 - 10:23AM
Levi & Korsinsky notifies investors of FirstCity Financial
Corporation ("FirstCity" or the "Company") (Nasdaq:FCFC) of claims
of breaches of fiduciary duty and other violations of state law
against the board of directors of the Company in connection with
the sale of the Company to Varde Partners, Inc. A complaint was
filed in Texas state court.
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
claims concern 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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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