WILMINGTON, Del. -- (Business Wire)
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of FirstCity Financial Corporation
(“FirstCity” or the “Company”) (NASDAQ GS: FCFC)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Värde Partners, Inc. (“Värde”) in a transaction valued at approximately
Click here to learn more: http://www.rigrodskylong.com/investigations/firstcity-financial-corporation-fcfc.
Under the terms of the proposal, public shareholders of FirstCity will
receive $10.00 per share in cash for each share of FirstCity they own.
The investigation concerns whether FirstCity’s board of directors failed
to adequately shop the Company and obtain the best possible value for
FirstCity’s shareholders before entering into an agreement with Värde.
If you own the common stock of FirstCity and purchased your shares
before December 21, 2012, 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 Peter Allocco at Rigrodsky
& Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530 toll free at (888) 969-4242, by e-mail to firstname.lastname@example.org,
or at: http://www.rigrodskylong.com/investigations/firstcity-financial-corporation-fcfc.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Source: Rigrodsky & Long, P.A.
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