Bernstein Liebhard LLP Announces Investigation of Acquisition of LaBranche & Co Inc. by Cowen Group, Inc.
18 February 2011 - 4:32AM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of LaBranche & Co Inc. (“LaBranche” or the “Company”)
(NYSE: LAB) breached its fiduciary duty to its shareholders in
agreeing to sell LaBranche to Cowen Group, Inc..
Under the terms of the agreement, LaBranche shareholders will
receive 0.9980 of a share of Cowen Class A common stock for each
share they own. The investigation is focused on the potential
unfairness of the price to LaBranche shareholders and the process
by which the LaBranche Board of Directors considered and approved
the transaction.
If you are interested in discussing your rights as a LaBranche
shareholder and/or have information relating to the matter, please
contact Joseph R. Seidman, Jr. at (877) 779-1414 or
seidman@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last eight years.
Bernstein Liebhard LLP 10 East 40th Street New York, New York 10016
(877) 779-1414
www.bernlieb.com
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