The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of The Edelman ...
April 24 2012 - 3:13PM
Marketwired
Levi & Korsinsky notifies investors of The Edelman Financial
Group ("TEFG" or the "Company") (NASDAQ: EF) of claims of breaches
of fiduciary duty and other violations of state law against the
board of directors of the Company in connection with the sale of
the Company to affiliates of Lee Equity Partners, LLC. Under the
terms of the agreement, TEFG shareholders will receive $8.85 per
share of TEFG stock they own. A complaint was filed in Texas state
court.
Click here to learn how to join the action:
http://zlk.9nl.com/the-edelman-financial-group-ef, or call:
877-363-5972. There is no cost or obligation to you.
The claims concern, among other things, whether the
consideration to be paid to TEFG shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
TEFG, and whether the Board of Directors is acting in its own
interests, rather than in the interests of shareholders. TEFG
Co-Chief Executive Officers Ric Edelman and George Ball, and other
members of Edelman's senior management team, who own 26% of the
Company's shares, will maintain a significant equity investment in
TEFG. Upon the closing of the transaction, Mr. Edelman will also
sell his 24% direct interest in The Edelman Financial Center, LLC
to an affiliate of Lee Equity Partners.
If you own common stock in TEFG and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972,
http://zlk.9nl.com/the-edelman-financial-group-ef.
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. 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 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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