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NEW YORK, April 12, 2016 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased shares of FirstMerit Corporation (“FirstMerit”) (NASDAQ:FMER) prior to the January 26, 2016 merger announcement. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Northern District of Ohio, Eastern Division. To get more information go to:
http://zlk.9nl.com/firstmerit-fmer
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
On January 26, 2016, FirstMerit announced it had entered a merger agreement wherein Huntington Bancshares, Inc. would acquire all the outstanding shares of FirstMerit for 1.72 shares of Huntington common stock and $5.00 in cash per share of FirstMerit common stock. The complaint alleges that the Board of Directors of FirstMerit breached its fiduciary duties and violated securities laws by undervaluing FirstMerit, entering into deal protection provisions that unreasonably deter third party bidders from offering topping bids, and issuing materially incomplete and misleading information in documents related to the proposed transaction.
If you suffered a loss in FirstMerit you have until June 13, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
