SHAREHOLDER ALERT: The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of FX Alliance Inc. In Connection With The Sale Of The Company To Thomson Reuters
NEW YORK, July 11, 2012 /PRNewswire/ -- 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 email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/fx-alliance-fx . 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.30 Broad Street - 24th Floor New York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
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