FMR First Mercury Financial Corp

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of First Mercury Financial Corporation (“First Mercury” or the “Company”) (NYSE:FMR) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Fairfax Financial Holdings Limited (“Fairfax Financial”) in a transaction valued at approximately $294 million. Click here to learn how to join the action: http://www.rigrodskylong.com/news/FirstMercuryFinancialCorp-FMR.

Under the proposed agreement, First Mercury shareholders will receive $16.50 per share in cash for each share of First Mercury they own. In addition, Richard H. Smith, the Chairman, President and CEO of First Mercury, and Chairman Emeritus Jerome M. Shaw, a director and the founder of First Mercury, who together beneficially own approximately 17% of the outstanding shares of First Mercury common stock, have agreed to vote their shares in favor of the merger.

The investigation concerns whether First Mercury’s board of directors failed to adequately shop the Company and obtain the best price possible for First Mercury’s shareholders before entering into the agreement with Fairfax Financial.

If you own the common stock of First Mercury and purchased your shares before October 28, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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First Mercury Financial Corp (NYSE:FMR)
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