From the Wires
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Jefferies Group, Inc. in Connection With the Sale of the Company to Leucadia National Corp.
By: Marketwired .
Nov. 16, 2012 01:00 PM
NEW YORK, NY -- (Marketwire) -- 11/16/12 -- Levi & Korsinsky notifies investors of Jefferies Group, Inc. ("Jefferies" or the "Company") (NYSE: JEF) 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 its largest shareholder, Leucadia National Corp. (NYSE: LUK). A complaint was filed in New York state court.
Click here to learn more about the investigation http://zlk.9nl.com/jefferies-group-jef, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Jefferies shareholders will receive 0.81 Leucadia shares for each share of Jefferies stock they own, representing an approximate value of $17.24 per share. The transaction has a total approximate value of $2.76 billion. Jefferies CEO Richard Handler, who possesses the third largest stake in Jefferies, will stay on as CEO after the merger. The claims concern whether the Jefferies Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Leucadia National Corp. is underpaying for Jeffries shares, thus unlawfully harming Jefferies stockholders. In particular, at least one analyst set a price target of $19.00 per Jefferies share.
If you own common stock in Jefferies and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/jefferies-group-jef.
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.
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