• Harwood Feffer LLP Announces Investigation of FirstCity Financial Corp.

    December 21, 2012

    NEW YORK, Dec. 21, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of FirstCity Financial Corp. ("FirstCity" or the "Company") (NASDAQ: FCFC) concerning the proposed acquisition of the Company by Varde Partners, Inc. ("Varde") in a transaction valued at approximately $225 million.    

    (Logo:  http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )

    On December 21, 2012, FirstCity announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Varde.  Under the terms of the agreement, FirstCity shareholders will receive $10.00 for each share owned. 

    Our investigation concerns whether the FirstCity board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. 

    If you own FirstCity shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

    Benjamin Sachs-Michaels, Esq.
    Robert I. Harwood, Esq.
    Harwood Feffer LLP
    488 Madison Avenue
    New York, New York 10022
    Phone Numbers: (877) 935-7400
    (212)935-7400
    Email: bsachsmichaels@hfesq.com
    Website: http://www.hfesq.com

    Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

    Attorney Advertising © 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

    SOURCE Harwood Feffer LLP

A New York City Law Firm Serving Investors and Consumers
HARWOOD FEFFER LLP
712 Fifth Avenue
New York, New York 10019
(Toll Free) 1 877 935 7400
(NYC) 212 935 7400

Disclaimer





Website by FATHOM