The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of LaBr...
18 February 2011 - 3:04AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
LaBranche & Co., Inc. (“LaBranche” or the “Company”) (NYSE:
LAB) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Cowen
Group, Inc. (Nasdaq: COWN). Under the terms of the transaction,
LaBranche stockholders will receive 0.9980 shares of Cowen Class A
stock for each LaBranche share they own. Based on the prior day
closing prices, the transaction values LaBranche stock at $4.71 per
share for a total transaction value of approximately $192.8
million.
Click here to learn more about the investigation:
http://www.zlk.com/labranche-lab.html, or call: 877-363-5972.
The investigation concerns whether the LaBranche Board of
Directors breached their fiduciary duties to LaBranche stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Cowen Group is underpaying for LaBranche
shares, thus unlawfully harming LaBranche stockholders.
If you own common stock in LaBranche 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 visit
http://www.zlk.com/labranche-lab.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 15th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
Labranche (NYSE:LAB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Labranche (NYSE:LAB)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Labranche & Co., Inc. (New York Stock Exchange): 0 recent articles
More Levi & Korsinsky News Articles