Business & Finance
Wed, February 23, 2011Tue, February 22, 2011Mon, February 21, 2011Sun, February 20, 2011Fri, February 18, 2011Thu, February 17, 2011Wed, February 16, 2011Tue, February 15, 2011Mon, February 14, 2011The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of LaBran
Published in Business and Finance on Thursday, February 17th 2011 at 8:11 GMT by Market Wire
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of LaBranche & Co., Inc. (aLaBranchea or the aCompanya) (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, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]
