We would handle the action on a contingent fee basis, whereby you would not be responsible for out of pocket payment of our legal fees or expenses.
FFNW STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF FIRST FINANCIAL NORTHWEST BANK IS FAIR TO SHAREHOLDERS
January 19, 2024.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest, Inc. (NASDAQ: FFNW), to Global Federal Credit Union is fair to First Financial shareholders. The proposed transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for the all-cash consideration of $231.2 million, subject to certain adjustments.
The investigation concerns whether First Financial and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for First Financial shareholders; (2) determine whether Global is underpaying for First Financial Northwest Bank; and (3) disclose all material information necessary for First Financial shareholders to adequately assess and value the merger consideration. On behalf of First Financial shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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