SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of HopFed Bancorp Inc. to First Financial Corporation is Fair to Shareholders
NEW YORK, Jan. 08, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased HopFed Bancorp Inc. (“HFBC” or the “Company”) (NASDAQGM: HFBC) stock prior to January 7, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of HFBC to First Financial Corporation (NASDAQ: THFF). Under the terms of the transaction, HFBC shareholders “may elect to receive either (or a combination of) 0.444 shares of First Financial common stock or $21.00 in cash for each share of HFBC common stock owned.” Upon completion of the merger, Heritage Bank USA, Inc., a wholly owned subsidiary of HFBC, will merge into First Financial Bank, N.A., a wholly owned subsidiary of First Financial. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The HFBC merger investigation concerns whether the Board of HFBC breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether First Financial Corporation is underpaying for HFBC shares, thus unlawfully harming HFBC shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph E. Levi, Esq. 55 Broadway, 10th Floor New York, NY 10006 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com