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South Florida Firm, Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Trade

^{Published on 2011-04-21 12:41:06 - Market Wire}
 

BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of TradeStation Group, Inc. ("TradeStation" or the "Company") (Nasdaq: TRAD) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Monex Group, Inc. Under the terms of the proposed transaction, TradeStation shareholders are to receive $9.75 in cash for each share they own, for a total equity value of about $411 million.

The investigation involves whether the Board of Directors of TradeStation breached their fiduciary duties to TradeStation stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether TradeStation has disclosed all material information to shareholders about the proposed transaction. Of particular interest, over the past six months, TradeStation shares have increased over 40% from October 21, 2010 to April 20, 2011.

If you own stock in TradeStation and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.