Financial Federal Corp. Merger Litigation (NYSE: FIF)
Law Office of Brodsky & Smith, LLC Announces Investigation of Financial Federal Corp.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Financial Federal Corp. (“Financial Federal” or the “Company”) (NYSE:FIF – News) related to the proposed acquisition by People’s United Financial, Inc.(“People’s United”) (Nasdaq: PBCT – News).
Under the terms of the transaction, Financial Federal shareholders are to receive $11.27 in cash and one share of People’s United common stock in exchange for each share of Financial Federal common stock they own. The investigation concerns whether the board breached their fiduciary duties given that Financial Federal stock traded at $25.71 on September 28, 2009 and $25.24 on June 2, 2009.
If you are a Financial Federal shareholder and wish to discuss the legal ramifications of the Board’s actions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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