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Kendall Law Group Investigates LaBranche & Co Inc. for Shareholders

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^{Published in Business and Finance on Thursday, February 17th 2011 at 7:00 GMT by Market Wire}  

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating LaBranche & Co Inc. (NYSE:LAB) for shareholders in connection with the proposed acquisition by Cowen Group, Inc. The national securities firma™s investigation seeks to determine whether LaBranche and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a LaBranche shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On February 17, 2011, the companies announced the definitive merger agreement under which LaBranche would be acquired by Cowen Group, in a transaction valued at approximately $192.8 million. Under the terms of the agreement, LaBranche stockholders will receive 0.9980 of a share of Cowen Class A common stock, worth $4.71 as of Wednesdaya™s closing price, for each outstanding share of LaBranche/LAB common stock held. The firma™s investigation seeks to determine whether LaBranche and its Board negotiated a deal that provides the best value available to shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.