FX Alliance Shareholder Alert: The Briscoe Law Firm & Powers Taylor, LLP Investigate Sale of FX Alliance, Inc. to Thomson Reu...
July 09 2012 - 10:46AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of FX Alliance, Inc. (“FX”) (NYSE:
FX) to Thomson Reuters for shareholders. Under the proposed
transaction, FX shareholders will only receive $22.00 in cash for
each share of FX stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether FX shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues FX stock, and whether FX’s
board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. Notably, FX only became
a publicly traded company in February 2012 and is now being sold to
Thomson Reuters. “Due to the short time frame FX was a publicly
traded company and other factors, we believe that the transaction
may undervalue FX stock. Our lawsuit will seek to obtain the
highest share price for all shareholders,” said shareholder rights
attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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