The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of The Ed...
18 Avril 2012 - 12:32PM
Business Wire
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.
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.
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