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 email@example.com. For more information about the firm, please visit www.levjen.com.
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