N🟁N

The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of First Me

  //business-finance.news-articles.net/content/201 .. -of-fiduciary-duty-by-the-board-of-first-me.html
  Published in Business and Finance on Tuesday, November 2nd 2010 at 13:50 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of First Mercury Financial Corporation (NYSE: FMR) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Fairfax Financial Holdings Limited (aFairfax Financiala). Under the terms of the transaction, First Mercury shareholders will receive $16.50 in cash for each share of First Mercury common stock they own for a total transaction value of approximately $294 million.

The investigation concerns whether the First Mercury Board of Directors breached their fiduciary duties to First Mercury stockholders by failing to adequately shop the Company before entering into this transaction and whether Fairfax Financial is underpaying for First Mercury shares, thus unlawfully harming First Mercury stockholders. The Company reported a book value of $16.87 per share for the most recent quarter.

If you own common stock in First Mercury and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/first-mercury-fmr.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.