Miller Law Firm Wins Substantial Victory For First Mercury Shareholders

The Miller Law Firm, P.C. secured a substantial victory for the shareholders of First Mercury Financial Corp. on June 30, 2011 when the Honorable George C. Steeh approved a class action settlement which secured valuable disclosures relating to the merger of First Mercury and Fairfax Financial Holdings Limited in Israni v. First Mercury Financial Corp., et al, Case No. 10-cv-14482, United States District Court, Eastern District of Michigan.

Through hard fought negotiations with highly respected and experienced defense counsel, The Miller Law Firm, P.C., together with co-counsel Wolf Haldenstein Adler Freeman & Herz, LLP, obtained substantial value for the shareholders by securing supplemental disclosures regarding the negotiations, bidding history, and the valuation methodology relating to the merger.  The supplemental disclosures ensured that the shareholders of First Mercury had all of the key and critical information before them in order to make an educated and informed decision on whether to vote for the merger.  The Miller Law Firm, P.C., together with co-counsel, further secured an amendment to the merger agreement, substantially reducing the termination fee by half a million dollars, further protecting shareholders’ rights.

E. Powell Miller

Marc L. Newman

Emily Hughes

The Miller Law Firm, P.C.