Rosen Law Firm Announces Investigation of Proposed Sale of First Investors Financial Services Group
Rosen Law Firm Announces Investigation of Proposed Sale of First Investors Financial Services Group Inc. - FIFS
NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm, P.A. is investigating the Board of Directors of First Investors Financial Services Group Inc. (OTC: FIFS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the First Investors to FIFS Holdings Corp., an affiliate of Aquiline Capital Partners LLC.
If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.
Under the terms of the transaction, shareholders will receive $13.87 per share for each share of First Investors they own. The transaction has a total value of approximately $100 million. The investigation relates to whether First Investors' Board breached its fiduciary duties in connection with entering into this transaction and whether FIFS Holdings is underpaying for First Investors' shares; consequently unlawfully harming First Investors' shareholders.
If you own First Investors Financial common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Phillip Kim, Esq.
Laurence Rosen, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
pkim@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com
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The article Rosen Law Firm Announces Investigation of Proposed Sale of First Investors Financial Services Group Inc. - FIFS originally appeared on Fool.com.
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