CORRECTING and REPLACING The Law Firm of Weiss & Lurie Investigates the Acquisition of LaBranche & Co Inc.
18 Fevereiro 2011 - 4:44PM
Business Wire
Please replace the release dated February 17, 2011 with the
following corrected version as the third graph has been
changed.
The corrected release reads:
THE LAW FIRM OF WEISS & LURIE INVESTIGATES THE
ACQUISITION OF LABRANCHE & CO INC.
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of LaBranche &
Co Inc. (NYSE: LAB) arising from the proposed acquisition of
LaBranche by Cowen Group, Inc. (“Cowen”) (NASDAQ: COWN).
Under the terms of the transaction, shareholders will receive a
fixed ratio of 0.9980 of a share of Cowen Class A common stock
for each share of LaBranche common stock. Based on the February 16,
2011 closing price of the two companies, the deal values LaBranche
stock at approximately $4.71 per share.
Weiss & Lurie is investigating whether LaBranche’s Board
acted in the best interests of shareholders in approving the
transaction and whether the Board properly sought to maximize
shareholder value. Notably, LaBranche stock traded above $4.71 per
share as recently as May 2010. Moreover, there may be conflicts of
interests as several LaBranche officers and directors have secured
positions with Cowen upon the deal’s closing.
If you own LaBranche shares and would like more information
about your rights as a shareholder or additional information
concerning our investigation, please contact Michael A. Rogovin
either by email at infony@weisslurie.com or by telephone at (888)
593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing, consumer
fraud, or anti-trust violations, please contact us or fill out the
form on our website,
http://www.weisslurie.com/contact/report_fraud.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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