Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of FX Alliance Inc.
Online PR News – 13-July-2012 – New York, New York – Levi & Korsinsky is investigating the Board of Directors of FX Alliance Inc. (“FXall” or the “Company”) (NYSE: FX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Thomson Reuters (TSX/NYSE: TRI).
Click here to learn how to join the action: http://zlk.9nl.com/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 investigation concerns 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 firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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
About Levi and Korsinsky LLP:
Levi & Korsinsky Levi & Korsinsky is a national law firm that represents the rights of shareholders and victims of corporate abuse. Headquartered only steps from the New York Stock Exchange we are best positioned to fight on behalf of shareholders.