A law firm in New York City has filed a class-action lawsuit against First Niagara Financial Group Inc., claiming that the pending sale to KeyCorp does not fairly compensate First Niagara shareholders.
Faruqi & Faruqi LLP filed the lawsuit against First Niagara (NASDAQ: FNFG) in the U.S. District Court in Delaware on behalf of shareholders who held – and continue to hold – First Niagara shares as of Oct. 30. The complaint alleges that the transaction “fails to adequately value (First Niagara’s)…
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