The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Jefferies Group, Inc. in Connection with the Sale of the Company to Leucadia National Corp.

Monday, November 12, 2012

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Jefferies Group, Inc. in Connection with the Sale of the Company to Leucadia National Corp.12:27 EST Monday, November 12, 2012 NEW YORK (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of Jefferies Group, Inc. (“Jefferies” or the “Company”) (NYSE: JEF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to its largest shareholder, Leucadia National Corp. (NYSE: LUK). 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 investigation concerns 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 Jefferies 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 jlevi@zlk.com 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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com