Press release from Business Wire
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of NYSE Euronext, Inc. in Connection with the Sale of the Company to IntercontinentalExchange, Inc.
Monday, December 31, 2012
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of NYSE Euronext, Inc. in Connection with the Sale of the Company to IntercontinentalExchange, Inc.16:22 EST Monday, December 31, 2012
NEW YORK (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of NYSE
Euronext, Inc. (“NYSE” or the “Company”) (NYSE: NYX) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to IntercontinentalExchange,
Inc. (NYSE: ICE).
Click here to learn how to join the action: http://zlk.9nl.com/nyse-euronext-nyx/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, NYSE shareholders may elect to
receive either $33.12 in cash, 0.2581 IntercontinentalExchange, Inc.
shares, or a combination of $11.27 in cash and 0.1703 shares of stock
for each share of NYSE stock they own. The transaction has total
approximate value of $8 billion. The investigation concerns whether the
NYSE Board of Directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before entering into this
transaction and whether IntercontinentalExchange, Inc. is underpaying
for NYSE shares, thus unlawfully harming NYSE stockholders.
If you own common stock in NYSE 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 http://zlk.9nl.com/nyse-euronext-nyx/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, 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:
866-367-6510www.zlk.com
