NEW YORK, April 17, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of The Edelman
Financial Group ("TEFG" or the "Company") (Nasdaq: EF) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to affiliates of Lee Equity
Partners, LLC. Under the terms of the agreement, TEFG
shareholders will receive $8.85 per
share of TEFG stock they own.
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Click here to learn how to join the action:
http://www.zlk.com/the-edelman-financial-group-ef, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns, among other things, whether the
consideration to be paid to TEFG shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
TEFG, and whether the Board of Directors is acting in its own
interests, rather than in the interests of shareholders. TEFG
Co-Chief Executive Officers Ric
Edelman and George Ball, and
other members of Edelman's senior management team, who own 26% of
the Company's shares, will maintain a significant equity investment
in TEFG. Upon the closing of the transaction, Mr. Edelman will also
sell his 24% direct interest in The Edelman Financial Center, LLC
to an affiliate of Lee Equity Partners.
If you own common stock in TEFG 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, http://www.zlk.com.
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.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP