The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of The Edelman Financial Group Inc. In Connection With The Sale Of The Company To Lee Equity Partners, LLC
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.
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 firstname.lastname@example.org 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) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV