Faruqi & Faruqi, LLP Announces the Investigation Related to the Acquisition of First Franklin Corp. - FFHS
October 13 2010 - 4:43PM
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. (“First Franklin” or the
“Company”) (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 Franklin’s Board of Directors breached their
fiduciary duties to First Franklin’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 Franklin’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 firm’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.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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