Law Office of Brodsky & Smith, LLC Announces Investigation of FX Alliance, Inc.
July 14 2012 - 12:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of FX
Alliance, Inc. (“FX” or the “Company”) (NYSE: FX) relating to the
proposed acquisition by Thompson Reuters.
Under the terms of the transaction, FX shareholders would
receive only $22.00 in cash for each share of FX stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of FX for
not acting in the Company’s shareholders' best interests in
connection with the sale process to Thompson Reuters. In addition,
possible conflicts of interests are also being investigated as FX
insiders owning approximately 32.5% of FX outstanding shares have
agreed to tender their shares, subject to certain terms and
conditions.
If you own shares of FX stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/448-fx-fx-alliance-inc.html, or by calling
toll free 877-LEGAL-90.
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