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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of TradeStation Group, Inc. in Connection with

^{Published on 2011-04-22 17:40:47 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of TradeStation Group, Inc. (aTradeStationa or the aCompanya) (NASDAQ:TRAD) related to the Companya™s agreement to be acquired by Monex Group, Inc. in a proposed transaction where TradeStation shareholders will receive $9.75 in cash for each share they own of the Companya™s common stock. The transaction is valued at approximately $411 million.

The investigation concerns whether the board of directors of TradeStation breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. Specifically, the Company has seen substantial growth over the past six months and its shares have increased over 40% during the same period. Further, at least one analyst has set a target price of $10.00 per share, virtually nullifying any premium that TradeStation shareholders would receive under the transaction.

If you are a shareholder of TradeStation, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].