The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of First ...
February 25 2013 - 9:43AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
First Financial Holdings, Inc. (“First Financial” or the “Company”)
(Nasdaq: FFCH) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to SCBT Financial Corporation (Nasdaq: SCBT).
Click here to learn how to join the action:
http://zlk.9nl.com/first-financial-holdings-ffch/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, First Financial shareholders
will receive 0.4237 of a SCBT common share for each share of First
Financial stock they own, representing a value of approximately
$18.30 per share. The investigation concerns whether the First
Financial Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
entering into this transaction. Five First Financial Board Members
will join the board of SCBT Financial with First Financial CEO R.
Wayne Hall will be named president of the company.
If you own common stock in First Financial and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/first-financial-holdings-ffch/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. 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 securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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