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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of First Franklin Corporation

^{Published on 2010-10-14 17:40:35 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of First Franklin Corporation (aFirst Franklina or the aCompanya) (NASDAQ:FFHS) related to the Companya™s agreement to be acquired by Cheviot Financial Corp. (aCheviota) in a proposed cash transaction.

Under the terms of the merger agreement entered into by the parties, First Franklin shareholders will receive $14.50 per share in cash for each share they own of the Companya™s common stock. The proposed transaction is expected to close during first-quarter 2011. The First Franklin board of directors unanimously approved the proposed transaction. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by First Franklina™s board of directors.

If you own shares of First Franklin, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].