|By PR Newswire||
|August 1, 2014 09:45 PM EDT||
BALA CYNWYD, Pa., Aug 1, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GFI Group Inc. ("GFI Group" or the "Company") (NYSE: GFIG) relating to the proposed acquisition by CME Group, Inc. ("CME").
Click here to learn more about the investigation http://brodsky-smith.com/801-gfig-gfi-group-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, GFI Group shareholders will receive only $4.55 in cash for each share of GFI Group stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of GFI Group for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue GFI Group and represents no real gain for many long term GFI Group shareholders. For example, GFI Group stock traded at $4.53 per share on July 24, 2013 and traded at $4.13 per share on March 5, 2014.
In addition, the investigation seeks to determine if conflicts of interest played a role in the transaction. Following the transaction members GFI Group's management are expected to buyback GFI Group's brokerage business, Kyte Group, from CME. Therefore, the investigation is examining the role the buyback of the brokerage business may have played on the sale process.
If you own shares of GFI Group common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/801-gfig-gfi-group-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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