Briscoe Law Firm Investigates TradeStation Group Inc. for Shareholders Concerning Acquisition by Monex Group, Inc.

DALLAS--(BUSINESS WIRE)--The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of TradeStation Group Inc. (“TradeStation” or “TRAD”) (NASDAQ: TRAD) related to the proposed buyout of TradeStation by a subsidiary of Monex Group, Inc.

The definitive merger agreement, which was announced on April 21, 2011, involves an all cash transaction valued at approximately $411 million. Under the proposed buyout, TradeStation shareholders will receive $9.75 in cash for each share of TradeStation/TRAD common stock they hold through a tender offer by May 10, 2011. The transaction is expected to close in the third quarter of 2011.

The firms are investigating the fairness of the proposed transaction to TradeStation shareholders and whether TradeStation’s Board of Directors acted in the shareholders’ best interests. Although the acquisition price represents an approximate 39% premium over TradeStation’s closing price the day before the announcement, at least one analyst has set a target price of $10.00 per share for the company. In addition, over the past six months the price of TradeStation shares has increased over 40%. Based on these and other factors, the firms are investigating whether the price offered to TradeStation shareholders is adequate. The firms are also investigating whether TradeStation’s Board of Directors adequately considered all viable alternatives and properly shopped the company before entering into the acquisition agreement.

If you currently own shares of TradeStation Group/TRAD and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free [phone], via e-mail at [e-mail], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free [phone], or via email at [e-mail]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.