Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of First Franklin Corp. by Cheviot Financial Corporation
October 13 2010 - 5:31PM
Business Wire
Levetown & Jenkins, LLP is conducting an investigation into
alleged breaches of fiduciary duties and violations of state law by
First Franklin Corporation (“First Franklin”) (NASDAQ:FFHS) and its
Board of Directors in conjunction with the proposed buyout and
acquisition of First Franklin by Cheviot Financial Corporation
(NASDAQ:CHEV). Under the terms of a merger agreement announced on
October 13, 2010, First Franklin shareholders will receive $14.50
in cash for each share of First Franklin common stock they
hold.
The firm’s investigation concerns whether the proposed
acquisition properly values First Franklin. Specifically, the
investigation seeks to determine whether the First Franklin Board
of Directors engaged in a fair process to obtain adequate
consideration for all of the company's shareholders, whether the
transaction undervalues the company to the detriment of its
shareholders and, if so, the extent to which the company is
undervalued in the proposed transaction.
Levetown & Jenkins, LLP is a national law firm comprised of
former federal and state prosecutors with extensive experience in
the investigation and prosecution of shareholder fraud. The firm
specializes in the representation of investors in shareholder and
securities fraud class actions. If you currently own shares of
First Financial and wish to obtain additional information about
your rights as a shareholder, please contact Michael T. Harrison,
Esq. at (713) 392-7465 or mharrison@levjen.com. For more
information about the firm, please visit www.levjen.com.
Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The
law firm responsible for this advertisement is Levetown &
Jenkins, LLP (www.levjen.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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