First Investors Financial Services Group Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP
First Investors Financial Services Group Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of Company
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of First Investors Financial Services Group, Inc. ("First Investors")(OTC Markets: FIFS) to private equity firm Aquiline Capital Partners for shareholders. Under the proposed transaction valued at approximately $100 million, First Investors' shareholders will only receive $13.87 in cash for each share of FIFS stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether First Investors shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues First Investors stock, and whether First Investors' board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. "Based upon the positive financial growth of First Investors, we believe that the transaction may undervalue First Investors stock. Our lawsuit will seek to obtain the highest share price for all shareholders," said shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
KEYWORDS: United States North America Texas
The article First Investors Financial Services Group Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of Company originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.