NEW YORK, June 28, 2019 /PRNewswire/ -- WeissLaw LLP
announced that it has filed a class action in the United States District Court for the
Western District of Kentucky,
Paducah Division, on behalf of shareholders of HopFed Bancorp, Inc.
("HopFed") (NASDAQ: HFBC) in connection with the proposed
acquisition of HopFed by First Financial Corporation ("First
Financial") (the "Proposed Transaction"). The class action
seeks to pursue remedies under the Securities Exchange Act of 1934
(the "Exchange Act") on behalf of all persons or entities that
purchased or otherwise acquired HFBC shares as of January 7, 2019 and continue to hold shares of
HFBC (the "Class Period")
If you wish to serve as lead plaintiff, you
must move the Court no later than sixty (60) days from today.
Please contact plaintiff's counsel:
Joshua Rubin, Esq.
WeissLaw
LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/hopfed-bancorp-inc-pslra/
Or
follow us on Twitter @MarketsAlert
On January 7, 2019, HopFed and
First Financial issued a joint press release announcing they had
entered into an Agreement and Plan of Merger pursuant to which, for
each share of HopFed common stock they own, HopFed shareholders
will be entitled to receive, subject to proration, either 0.444
shares of First Financial common stock, or $21.00 in cash (the "Merger Consideration").
The complaint seeks injunctive and other relief on behalf of the
named plaintiff and all HopFed shareholders, and alleges that in an
attempt to secure shareholder approval for the merger, the
defendants filed a materially incomplete and misleading joint proxy
statement/prospectus on Form S-4 with the U.S. Securities and
Exchange Commission in violation of the Exchange Act. The
omitted and/or misrepresented information is believed to be
material to HopFed shareholders' ability to make an informed
decision whether to vote in favor of the Proposed
Transaction. The plaintiff is represented by WeissLaw, which
has expertise in prosecuting investor class actions and extensive
experience in actions involving financial fraud.
Any member of the putative class may move the Court to serve as
lead plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent class member.
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SOURCE WeissLaw LLP