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

WILMINGTON, Del.--(BUSINESS WIRE)--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.

Click here to learn more: http://www.rigrodskylong.com/investigations/firstcity-financial-corporation-fcfc.

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: http://www.rigrodskylong.com/investigations/firstcity-financial-corporation-fcfc.

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 States.

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