SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of KBW Inc. in Connection with the Sale of the Company to Stifel Financial
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of KBW Inc. ("KBW" or the "Company") (NYS: KBW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Stifel Financial.
Click here to learn more about the investigation: http://zlk.9nl.com/kbw-kbw, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, KBW shareholders will receive $10.00 in cash and $7.50 per share in Stifel common stock for each share of KBW stock they own. The transaction has a total approximate value of $575 million. The investigation concerns whether the KBW Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Stifel Financial is underpaying for KBW shares, thus unlawfully harming KBW stockholders. In particular, KBW stock has traded higher than the consideration price as recently as September 21, 2012, and at least one analyst set a price target for KBW stock at $22.00 per share.
If you own common stock in KBW and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/kbw-kbw.
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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of KBW Inc. in Connection with the Sale of the Company to Stifel Financial originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.