Levi & Korsinsky is investigating the Board of Directors of First Mercury Financial Corporation 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.
New York, NY, November 01, 2010 — Levi & Korsinsky is investigating the Board of Directors of First Mercury Financial Corporation (“First Mercury” or the “Company”) (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 (“Fairfax Financial”). 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.
Click here to learn how to join the action: http://www.zlk.com/first-mercury-fmr.html, or call: 877-363-5972.
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. In particular, 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 Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/first-mercury-fmr.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
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Contact:
Jared Morine
Levi & Korsinsky, LLP
New York, NY 10004
212-363-7500
[email protected]
