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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of NYSE Euronext in Connection

^{Published on 2011-02-17 15:15:39 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of NYSE Euronext (NYSE: NYX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Deutsche Boerse AG (NasdaqGS: DB1). Under the terms of the proposed deal, NYSE Euronext shareholders are to receive 0.47 shares in a new company for each share of NYSE Euronext stock they own with NYSE Euronext shareholders owning a minority 40% interest in the new company.

The investigation concerns whether the NYSE Euronext Board of Directors breached their fiduciary duties to NYSE Euronext stockholders by failing to adequately shop the Company before entering into this transaction and whether Deutsche Boerse AG is underpaying for NYSE Euronext shares, thus unlawfully harming NYSE Euronext stockholders. As reported by Thomson/First call, at least one analyst set a price target for NYSE Euronext stock at $46 per share.

If you own common stock in NYSE Euronext and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/nyse-euronext.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.