INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Franklin Financial Corp. & Its Board of Directors in Connect...
16 Julho 2014 - 8:16AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Franklin Financial Corporation (“Franklin” or “the Company”)
(Nasdaq:FRNK) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to TowneBank (NasdaqGS:TOWN).
Click here to learn more about the investigation:
http://zlk.9nl.com/franklin-financial-frnk, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Franklin shareholders will
receive 1.40 shares of TowneBank stock for each share of Franklin
they own, representing a value of $23.04 per share. The
investigation concerns whether the Board of Franklin breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
TowneBank is underpaying for Franklin shares. In particular, at
least one analyst set a price target for Franklin stock at $24.00
per share.
If you own Franklin common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/franklin-financial-frnk.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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