Rigrodsky & Long, P.A. Announces Investigation Of FirstCity Financial Corporation Buyout

  Rigrodsky & Long, P.A. Announces Investigation Of FirstCity Financial
  Corporation Buyout

Business Wire

WILMINGTON, Del. -- January 22, 2013

Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of FirstCity Financial Corporation
(“FirstCity” or the “Company”) (NASDAQ GS: FCFC) regarding possible breaches
of fiduciary duties and other violations of law related to the Company’s entry
into an agreement to be acquired by Värde Partners, Inc. (“Värde”) in a
transaction valued at approximately $224.9 million.

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Under the terms of the proposal, public shareholders of FirstCity will receive
$10.00 per share in cash for each share of FirstCity they own.

The investigation concerns whether FirstCity’s board of directors failed to
adequately shop the Company and obtain the best possible value for FirstCity’s
shareholders before entering into an agreement with Värde.

If you own the common stock of FirstCity and purchased your shares before
December 21, 2012, 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 Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242,
by e-mail to info@rigrodskylong.com, or at:

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United

Attorney advertising. Prior results do not guarantee a similar outcome.


Rigrodsky & Long, P.A.
Peter Allocco
Fax: 302-654-7530
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