SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces Investigation Of Board Of Directors Of Investors Capital Holdings, Ltd. (ICH) For Possible Breaches Of Fiduciary Duty In Connection To Proposed Sale Of The Company To RCS Capital Corporation
E. Monteverde, a partner at
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Investors
Capital Holdings, Ltd.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Investors Capital Holdings, Ltd. (“Investors Capital” or the “Company”) (NYSE MKT: ICH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to RCS Capital Corporation in a cash or stock deal valued at approximately $52.5 million. Under the terms of the proposed transaction, Holders of Investors Capital Common Stock who elect to receive cash will receive $7.25 per share of Investors Capital Common Stock. Holders of Investors Capital Common Stock who elect to receive shares of RCAP's Class A common stock will receive a number of such shares equal to the quotient of $7.25 divided by the volume weighted average trading price of a share of RCAP's Class A common stock for the five consecutive trading days immediately preceding the closing of the Merger. Request more information now by clicking here: www.faruqilaw.com/ICH.There is no cost or obligation to you. The investigation focuses on whether Investors Capital Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Investors Capital shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw. If you own common stock in Investors Capital and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ICH or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.