This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Robbins Umeda LLP Announces An Investigation Of Jefferies Group, Inc.

SAN DIEGO, Nov. 13, 2012 /PRNewswire/ -- Shareholder rights firm Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Jefferies Group, Inc. (NYSE: JEF) in connection with their efforts to sell the company to Leucadia National Corporation (NYSE: LUK).  Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Gregory E. Del Gaizo at (800) 350-6003, info@robbinsumeda.com, or via the shareholder information form on the firm's website.

(Logo: http://photos.prnewswire.com/prnh/20111014/ROBBINSUMEDALOGO)

On November 12, 2012, Jefferies and Leucadia announced that they had entered into a definitive merger agreement under which Leucadia will acquire Jefferies through a stock-for-stock transaction.  The total value of the deal is approximately $2.56 billion based on Jefferies's closing stock price on November 9, 2012.  Robbins Umeda LLP's investigation focuses on whether the members of the board of directors of Jefferies are undertaking a fair process to obtain the maximum value possible for shareholders, or, instead, seeking to benefit themselves.  Under the terms of the deal, holders of Jefferies common stock will receive Leucadia stock valued at $17.66 for each share they own.  The $17.66 per share offer price represents a premium of only 23.7% based on Jefferies's closing price on November 9, 2012.  As recently as April 10, 2012, Jefferies traded above the offer price at $18.00 per share.  At least one analyst from JMP Securities has set a price target for Jefferies of $19.00 per share. Jefferies stockholders will receive 0.81 of a share of Leucadia common stock for each share of Jefferies common stock.

Further, following the completion of the merger, Jefferies's Chief Executive Officer Richard Handler will become the Chief Executive Officer of Leucadia, as well as one of its directors, and will also remain Jefferies's Chief Executive Officer and Chairman; Jefferies's Chairman of the Executive Committee, Brian Friedman, will become Leucadia's President and one of its directors, and will also remain Chairman of the Executive Committee of Jefferies.  In addition, upon the closing of the transaction, four members of the board of directors of Jefferies will join the Leucadia board of directors.  Further, on September 20, 2012, Jefferies reported its results for the third quarter of 2012.  For the quarter, the company reported net revenue of $739 million for the third quarter of 2012, a 45% increase over the company's net revenue of $509 million for the same quarter a year ago.  Given these financial results, Robbins Umeda LLP is examining the board of directors' decision to sell Jefferies now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.

Robbins Umeda LLP attorneys highlight that Jefferies shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company's shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.  

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/jefferies-group-inc/

Attorney Advertising.Past results do not guarantee a similar outcome.  

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs