Law Office of Brodsky & Smith, LLC Announces Investigation of TradeStation Group, Inc.
22 April 2011 - 1:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
TradeStation Group, Inc. (“TradeStation” or the “Company”) (Nasdaq
- TRAD) relating to the proposed acquisition by a subsidiary of
Monex Group, Inc. (“Monex”).
Under the terms of the transaction, TradeStation shareholders
would receive $9.75 in cash for each share of common stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
TradeStation by not acting in TradeStation shareholders' best
interests in connection with the sale process to Monex. The
transaction, which may undervalue TradeStation contains various
deal protections, including a “top-up option” granting Monex the
right to purchase additional shares at the offer price.
If you own shares of TradeStation stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/279-trad-tradestation-group-inc.html, or
by calling toll free 877-LEGAL-90.
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