The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of TradeStati...
April 27 2011 - 7:45PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of TradeStation Group, Inc. (NasdaqGS: TRAD) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to a subsidiary of Monex
Group, Inc. Under the terms of the transaction, Monex will acquire
all outstanding common stock of TradeStation for $9.75 per share
for a total transaction value of approximately $411 million.
The investigation concerns whether the TradeStation Board of
Directors breached their fiduciary duties to TradeStation
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Monex is underpaying for
TradeStation shares.
If you own common stock in TradeStation and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/tradestation-inc.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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