Rigrodsky & Long, P.A. Investigates First Franklin Corporation Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of First Franklin Corporation (“First Franklin” or the “Company”) (Nasdaq:FFHS) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Cheviot Financial Corp. (“Cheviot”). Click here to learn how to join the action: http://www.rigrodskylong.com/news/FirstFranklinCorporation-FFHS.

Under the proposed agreement, shareholders of First Franklin will be entitled to receive $14.50 in cash for each First Franklin share they hold. The investigation concerns whether First Franklin’s board of directors failed to adequately shop the Company and obtain the best price possible for First Franklin’s shareholders before entering into the agreement with Cheviot.

If you own the common stock of First Franklin and purchased your shares before October 13, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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