BALA CYNWYD, Pa.,
July 10, 2012 /PRNewswire/
-- Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of FX
Alliance, Inc. ("FX" or the "Company") (NYSE- FX-News) relating to
the proposed acquisition by Thompson Reuters.
Under the terms of the transaction, FX shareholders would
receive only $22.00 in cash for each
share of FX stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of FX for not acting in the Company's
shareholders' best interests in connection with the sale process to
Thompson Reuters. In addition, possible conflicts of interests are
also being investigated as FX insiders owning approximately 32.5%
of FX outstanding shares have agreed to tender their shares,
subject to certain terms and conditions.
If you own shares of FX stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/448-fx-fx-alliance-inc.html, or by calling
toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC