Business & Finance
Business and Finance
Business and Finance
Tue, February 22, 2011
Mon, February 21, 2011
Sun, February 20, 2011
Fri, February 18, 2011 Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of LaBranche - LAB
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LaBranche & Co. Inc. (aLaBranchea or the aCompanya) (NYSE: LAB) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cowen Group, Inc. (NasdaqGS: COWN) for an estimated $192.8 million in stock. The proposed transaction only offers LaBranche shareholders $4.71 for each share they hold.
Request more information now by clicking here: [ www.faruqilaw.com/LAB ]
Whether the LaBranchea™s Board of Directors breached their fiduciary duties to LaBranchea™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues LaBranchea™s shares and by how much this proposed transaction undervalues the Company to the detriment of LaBranche shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in LaBranche and wish to obtain additional information, please visit us at [ www.faruqilaw.com/LAB ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising.(C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
