Morgan & Morgan Announces the Investigation of Firstbank Corporation (FBMI)
NEW YORK, Aug. 23, 2013
NEW YORK, Aug. 23, 2013 /PRNewswire/ --Morgan & Morgan announces that it is
investigating potential legal claims against the board of directors of
Firstbank Corporation ("Firstbank") (Nasdaq: FBMI) regarding possible breaches
of fiduciary duties and other violations of law related to the announced
merger of Firstbank with Mercantile BankCorp.
If you purchased Firstbank, and want more information about the Firstbank
shareholder class action investigation, please contact George Pressly, Esq.
at1(800) 631-6234or email George at AskGeorge@morgansecuritieslaw.com.
Under the terms of the proposal, public shareholders of Firstbank will receive
one share of Mercantile Bank Corp. common stock for each share of Firstbank
common stock they own. This represents a value of approximately $18.77 per
share. Upon completion of merger, Firstbank shareholders will own 48% of the
Morgan & Morgan's investigation concerns whether Firstbank's Board of
Directors breached its fiduciary duties to act in the best interests of
Firstbank's shareholders and to take all necessary steps to ensure that
Firstbank's shareholders receive the maximum value readily available for their
shares of Firstbank common stock.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to
class action lawsuits, the firm also practices in the areas of antitrust,
personal injury, consumer protection, overtime, and product liability.All of
the Firm's legal endeavors are rooted in its core mission: provide investor
and consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar outcome.
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
New York, NY 10036
SOURCE Morgan & Morgan
Press spacebar to pause and continue. Press esc to stop.