Harwood Feffer LLP Announces Investigation of LaBranche & Co. Inc.
18 February 2011 - 8:57AM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
LaBranche & Co. Inc. ("LaBranche" or the "Company")
(NYSE:LAB - News) concerning possible
breaches of fiduciary duty and other violations of law related to
the proposed acquisition by Cowen Group, Inc. in a transaction
valued at approximately $192.8 million.
Under the terms of the agreement, LaBranche shareholders will
receive 0.9980 of a share of Cowen Class A common stock, worth
$4.71 as of Wednesday’s closing price, for each share they own of
the Company's common stock. Our investigation concerns possible
breaches of fiduciary duty and other violations of law related to
the approval of the transaction by the Company's board of
directors; in particular, whether the board of directors undertook
a fair process to obtain fair consideration for all shareholders of
LaBranche.
If you own shares of LaBranche and would like to learn more
about these claims or if you wish to discuss this matter and have
any questions or information concerning this announcement, please
contact Daniella Quitt, Esq. at dquitt@hfesq.com. You may also call
Ms. Quitt at (877) 935-7400. For more information about class
actions, or to sign up online, please visit our website:
www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm.
Harwood Feffer LLP is devoted to protecting the interests of
individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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 Harwood Feffer LLP News Articles