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Wed, March 30, 2011
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Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of optionsXpress, Inc. - OXPS


Published on 2011-03-29 13:10:35 - Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of optionsXpress, Inc. (aoptionsXpressa or the aCompanya) (NasdaqGS: OXPS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Charles Schwab Corp. (aSchwaba) (NYSE: SCHW) for approximately $1 billion in stock. The proposed transaction only offers optionsXpress shareholders 1.02 shares of Schwab in exchange for each optionsXpress share they hold, valuing the Company at approximately $18.31 a share, based on Mondaya™s closing price. According to Yahoo! Finance, at least financial analyst values optionsXpress at $21.00 a share.

Request more information now by clicking here: [ www.faruqilaw.com/OXPS ]

Whether the optionsXpressa™s Board of Directors breached their fiduciary duties to optionsXpressa™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 optionsXpressa™s shares and by how much this proposed transaction undervalues the Company to the detriment of optionsXpress 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 optionsXpress and wish to obtain additional information, please visit us at [ www.faruqilaw.com/OXPS ] 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.

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