The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of First Financial Holdings, Inc. In Connection With The Sale Of The Company To SCBT Financial Corporation

Levi & Korsinsky is investigating the Board of Directors of First Financial Holdings, Inc. (“First Financial” or the “Company”) (Nasdaq: FFCH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to SCBT Financial Corporation (Nasdaq: SCBT).

Click here to learn how to join the action: http://zlk.9nl.com/first-financial-holdings-ffch/, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, First Financial shareholders will receive 0.4237 of a SCBT common share for each share of First Financial stock they own, representing a value of approximately $18.30 per share. The investigation concerns whether the First Financial Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction. Five First Financial Board Members will join the board of SCBT Financial with First Financial CEO R. Wayne Hall will be named president of the company.

If you own common stock in First Financial and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/first-financial-holdings-ffch/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Copyright Business Wire 2010

If you liked this article you might like

10 Most Profitable Banks Trading Below Book Value

Five Banks Fail in Friday Night Massacre

Treasury Takes $48.8 Million Bath on TARP Auction (Update 1)

Bailout Banks Bid to Get Life Back

First Financial Holdings Inc Stock Upgraded (FFCH)

First Financial Holdings Inc Stock Upgraded (FFCH)