The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of FX All...
10 July 2012 - 1:44AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
FX Alliance Inc. (“FXall” or the “Company”) (NYSE: FX) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Thomson Reuters
(TSX/NYSE: TRI).
Click here to learn how to join the action:
http://zlk.9nl.com/fx-alliance-fx, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, FXall shareholders will
receive $22 per share, for a total transaction value of
approximately $625 million. The investigation concerns whether
FXall's Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Thomson Reuters is
underpaying for FXall shares, thus unlawfully harming FXall
stockholders. FXall's largest shareholder and certain insiders
collectively owning approximately 32.5% of FXall’s outstanding
shares have agreed to tender their shares into this offer, subject
to certain terms and conditions.
If you own common stock in FXall 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/fx-alliance-fx.
Levi & Korsinsky is a national firm with offices in New York
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.
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