Levi & Korsinsky, LLP Investigates Possible Breach Of Fiduciary Duty By The Board Of Thomas Weisel Partners Group, Inc. - TWPG

Levi & Korsinsky is investigating the Board of Directors of Thomas Weisel Partners Group, Inc. (“Thomas Weisel” or the “Company”) (NasdaqGM: TWPG) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Stifel Financial Corp. ("Stifel") (NYSE: SF). Under the terms of the transaction, Thomas Weisel shareholders will receive 0.1364 Stifel shares valued at approximately $7.60, based on the prior closing price of $55.74 for Stifel stock, for a total transaction value of approximately $300 million. The average closing price for Stifel stock over the prior year was approximately $52.46 per share.

The investigation concerns whether the Thomas Weisel Board of Directors breached their fiduciary duties to Thomas Weisel stockholders by failing to adequately shop the Company before entering into this transaction and whether Stifel is underpaying for Thomas Weisel shares, thus unlawfully harming Thomas Weisel stockholders. In particular, the Thomas Weisel Board agreed to a strict no-solicitation provision and also agreed to pay Stifel a termination fee of $10 million, under certain circumstances.

If you own common stock in Thomas Weisel and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone] or visit http://www.zlk.com/thomas-weisel-partners.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

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