|[August 05, 2014]
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of GFI Group, Inc. in Connection with the Sale of the Company
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of GFI Group Inc. ("GFI
Group" or the "Company") (NYSE: GFIG) relating to the proposed
acquisition by CME Group, Inc. ("CME").
Click here to learn more about the investigation http://brodsky-smith.com/801-gfig-gfi-group-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, GFI Group shareholders will receive
only $4.55 in cash for each share of GFI Group stock they own. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of GFI Group for not
acting in the Company's shareholders' best interest in connection with
the sale process. The transaction may undervalue GFI Group and
represents no real gain for many long term GFI Group shareholders. For
example, GFI Group stock traded at $4.53 per share on July 24, 2013 and
traded at $4.13 per share on March 5, 2014.
In addition, the investigation seeks to determine if conflicts of
interest played a role in the transaction. Following the transaction
members of GFI Group's management are expected to buyback GFI Group's
brokerage business, Kyte Group, from CME. Therefore, the investigation
is examining the role the buyback of the brokerage business may have
played on the sale process.
If you own shares of GFI Group common stock and wish to discuss the
legal ramifications of the investigation, 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
by visiting http://brodsky-smith.com/801-gfig-gfi-group-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
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