TMCnet News

GFI Group Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP
[July 30, 2014]

GFI Group Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP


LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP is investigating potential claims against the Board of Directors of GFI Group Inc ("GFI" or the "Company") (NYSE:GFIG) related to the proposed acquisition of the Company by CME Group Inc ("CME"). The transaction is valued at approximately $580 million and under the terms of the agreement, GFI shareholders are to receive $4.55 per share in CME Class A Common Stock.

This investigation concerns whether the Board of Directors of GFI breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.



If you are a shareholder of GFI Group Inc, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to [email protected]. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.



[ Back To TMCnet.com's Homepage ]