Contact Center Industry News

TMCNet:  FRANKLIN FINANCIAL CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation (FRNK) Over the Proposed Sale of the Company to TowneBank

[July 15, 2014]

FRANKLIN FINANCIAL CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation (FRNK) Over the Proposed Sale of the Company to TowneBank

NEW YORK --(Business Wire)--

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or the "Company") (Nasdaq:FRNK) for potential breaches of fiduciary duties in connection with the sale of the Company to TowneBank ("TowneBank") for approximately $275 million. The Company's stockholders will receive 1.40 shares of TowneBank common stock for each share of Franklin common stock they own. This only represents an approximate value of $23.04 per share.

Click here for more information: There is no ost or obligation to you.

The investigation focuses on whether Franklin's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Franklin's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter (News - Alert) at or on Facebook (News - Alert) at

If you own common stock in Franklin and wish to obtain additional information and protect your investments free of charge, please visit us at or contact Juan E. Monteverde, Esq. either via e-mail at or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

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