The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Trad...
April 21 2011 - 11:49AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
TradeStation Group, Inc. (“TradeStation” or the “Company”)
(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. (“Monex”). Under the terms of
the transaction, Monex will acquire all outstanding common stock of
TradeStation for $9.75 per share. The transaction has a total value
of approximately $411 million.
Click here to learn how to join the action:
http://www.zlk.com/tradestation-group-trad.html, or call:
877-363-5972.
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, thus unlawfully harming TradeStation
stockholders.
If you own common stock in TradeStation 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 visit
http://www.zlk.com/tradestation-group-trad.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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