WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of GFI Group Inc. (“GFI” or the “Company”) (NYSE: GFIG) relating to the buyout merger of the Company by CME Group, Inc. (“CME”). On July 30, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which CME will acquire GFI in a merger. As a result of the merger, GFI shareholders are only anticipated to receive $4.55 per share in CME stock in exchange for each share of GFI.
Our Firm’s investigation has so far uncovered that the process leading up to the announcement of the merger appears to have some questionable conflicts of interest, thus making the process and consideration unfair. Specifically, following the merger, GFI management will buyback GFI’s brokerage business, Kyte Group, from CME for $165 million in cash along with the assumption of $63 million of unvested deferred compensation and other liabilities. Based on this information, our investigation is looking into whether the brokerage business buyback led by GFI management tainted the sales process and impeded management’s ability to negotiate the best possible deal for GFI shareholders.
Given this information, Andrews & Springer LLC is preparing a class action lawsuit as a result. If you own shares of GFI and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/gfig or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.