Levi & Korsinsky is investigating the Board of Directors of FX Alliance Inc. (“FXall” or the “Company”) (NYSE: FX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Thomson Reuters (TSX/NYSE: TRI).
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Under the terms of the transaction, FXall shareholders will receive $22 per share, for a total transaction value of approximately $625 million. The investigation concerns whether FXall's Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Thomson Reuters is underpaying for FXall shares, thus unlawfully harming FXall stockholders. FXall's largest shareholder and certain insiders collectively owning approximately 32.5% of FXall’s outstanding shares have agreed to tender their shares into this offer, subject to certain terms and conditions.
If you own common stock in FXall and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
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