SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Bo...
July 17 2012 - 11:33AM
Marketwired
Levi & Korsinsky notifies investors of FX Alliance Inc.
("FXall" or the "Company") (NYSE: FX) of claims of breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to Thomson Reuters (TSX: TRI) (NYSE: TRI). A complaint was
filed in New York state court.
Click here to learn how to join the action:
http://zlk.9nl.com/fx-alliance-fx, or call:
877-363-5972. There is
no cost or obligation to you.
Under the terms of the transaction, FXall shareholders will
receive $22 per share, for a total transaction value of
approximately $625 million. The claims concern whether FXall's
Board of Directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Thomson Reuters is underpaying for FXall
shares, thus unlawfully harming FXall stockholders. FXall's largest
shareholder and certain insiders collectively owning approximately
32.5% of FXall's outstanding shares have agreed to tender their
shares into this offer, subject to certain terms and
conditions.
If you own common stock in FXall and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or http://zlk.9nl.com/fx-alliance-fx.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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