Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of FX Alliance, Inc. (“FX”) (NYSE: FX) to Thomson Reuters for shareholders. Under the proposed transaction, FX shareholders will only receive $22.00 in cash for each share of FX stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether FX shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues FX stock, and whether FX’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, FX only became a publicly traded company in February 2012 and is now being sold to Thomson Reuters. “Due to the short time frame FX was a publicly traded company and other factors, we believe that the transaction may undervalue FX stock. Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.