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 firstname.lastname@example.org visiting http://brodsky-smith.com/448-fx-fx-alliance-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC