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Bernstein Liebhard LLP Announces Investigation of Acquisition of LaBranche & Co Inc. by Cowen Group, Inc.

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^{Published in Business and Finance on Thursday, February 17th 2011 at 9:40 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Bernstein Liebhard LLP is investigating whether the Board of Directors of LaBranche & Co Inc. (aLaBranchea or the aCompanya) (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 Journala™s aPlaintiffsa™ Hot Lista in each of the last eight years.

ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.