Business & Finance
Thu, October 21, 2010Wed, October 20, 2010Tue, October 19, 2010Mon, October 18, 2010Sun, October 17, 2010Fri, October 15, 2010Thu, October 14, 2010Wed, October 13, 2010Tue, October 12, 2010Mon, October 11, 2010Fri, October 8, 2010Thu, October 7, 2010Wed, October 6, 2010Faruqi & Faruqi, LLP Announces the Investigation Related to the Acquisition of First Franklin Corp. - FFHS
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Published in Business and Finance on Wednesday, October 13th 2010 at 13:55 GMT by Market WireNEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of First Franklin Corp. (aFirst Franklina or the aCompanya) (NASDAQ: FFHS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cheviot Financial Corp. (NASDAQ: CHEV). The proposed transaction offers First Franklin shareholders to only receive $14.50 in cash for each share they own. The transaction is not a subject to any financing contingency and is expected to close during the first quarter of 2011. Click here for more information to protect your financial interest for free: [ www.faruqilaw.com/ffhs ]
Whether the First Franklina™s Board of Directors breached their fiduciary duties to First Franklina™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues First Franklina™s shares and by how much this proposed transaction undervalues the Company to the detriment of First Franklin shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in First Franklin and wish to obtain additional information, please visit us at [ www.faruqilaw.com/ffhs ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
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