Buyout of First Mercury Financial Investigated for Shareholders by Goldfarb Branham LLP
02 November 2010 - 12:58AM
Business Wire
Goldfarb Branham LLP is investigating whether the Board of
Directors of First Mercury Financial Corporation (NYSE: FMR)
breached fiduciary duties to shareholders because of their attempt
to sell the First Mercury to Fairfax Financial Holdings Limited.
Under the terms of the transaction, First Mercury shareholders will
receive $16.50 per share in cash. Concerned shareholders are
encouraged to contact attorney Hamilton Lindley at 877-583-2855 or
hlindley@goldfarbbranham.com.
“Our investigation concerns whether Fairfax Financial is
underpaying for First Mercury since the company reported a book
value of $16.87 per share for the most recent quarter,” said
securities lawyer Hamilton Lindley. “Our proposed class action
lawsuit seeks to maximize the information and money First Mercury
shareholders receive in this buyout.”
Goldfarb Branham LLP represents shareholders in securities
litigation nationwide. Lawyers at the firm have been appointed by
courts throughout the country to serve as lead counsel on behalf of
shareholders in mergers and acquisition class actions. For more
information, please feel free to contact any of the attorneys
listed below.
Hamilton Lindley Goldfarb Branham LLP 2501 Harwood Street,
Ste. 1801 Dallas, TX 75201 877-583-2855 Toll Free 214-583-2233
Local 214-583-2234 Facsimile
hlindley@goldfarbbranham.com
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