NEW YORK, Aug. 23, 2013 /PRNewswire/ -- Morgan &
Morgan announces that it is investigating potential legal claims
against the board of directors of Firstbank Corporation
("Firstbank") (Nasdaq: FBMI) regarding possible breaches of
fiduciary duties and other violations of law related to the
announced merger of Firstbank with Mercantile Bank Corp.
If you purchased Firstbank, and want more information about the
Firstbank shareholder class action investigation, please contact
George Pressly, Esq. at 1(800)
631-6234 or email George at
AskGeorge@morgansecuritieslaw.com.
Under the terms of the proposal, public shareholders of
Firstbank will receive one share of Mercantile Bank Corp. common
stock for each share of Firstbank common stock they own. This
represents a value of approximately $18.77 per share. Upon completion of
merger, Firstbank shareholders will own 48% of the post-merger
company.
Morgan & Morgan's investigation concerns whether Firstbank's
Board of Directors breached its fiduciary duties to act in the best
interests of Firstbank's shareholders and to take all necessary
steps to ensure that Firstbank's shareholders receive the maximum
value readily available for their shares of Firstbank common
stock.
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to class action lawsuits, the firm also
practices in the areas of antitrust, personal injury, consumer
protection, overtime, and product liability. All of the
Firm's legal endeavors are rooted in its core mission: provide
investor and consumer protection and always fight "for the
people."
Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan