NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of FirstCity
Financial Corp. (“FirstCity” or the “Company”) (NASDAQ: FCFC) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Värde Partners, Inc. in an
all-cash deal valued at approximately $95 million. Under the terms of
the proposed transaction, FirstCity’s stockholders will receive $10 in
cash for each share of FirstCity common stock they own.
Request more information now by clicking here: www.faruqilaw.com/FCFC.There is no cost or obligation to you.
The investigation focuses on whether FirstCity’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of FirstCity’s shareholders.
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, throughout
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 FirstCity and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 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.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Source: Faruqi & Faruqi, LLP
© 2018 Canjex Publishing Ltd. All rights reserved.