Business & Finance
Thu, February 24, 2011Wed, February 23, 2011Tue, February 22, 2011Mon, February 21, 2011Sun, February 20, 2011Fri, February 18, 2011Thu, February 17, 2011Wed, February 16, 2011Tue, February 15, 2011Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of LaBranche - LAB
Published in Business and Finance on Friday, February 18th 2011 at 14:10 GMT by Market Wire
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.
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