SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of KCG Holdings, Inc. – KCG

 

BALA CYNWYD, April 24, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of KCG Holdings, Inc. (“KCG” or “the Company”) (NYSE- KCG-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Virtu Financial, Inc. (“Virtu”).

Under the terms of the transaction, KCG shareholders will receive only $20.00 in cash for each share of KCG stock they own. The investigation concerns whether the Board of  KCG breached their fiduciary duties to shareholders and whether Virtu is underpaying for the Company. In addition, the transaction would prevent  KCG shareholders from taking part in the cost savings from the transaction. For example, it has been reported that Virtu has identified $208 million of net cost savings in the deal resulting from $180 million in the area of occupancy, overhead and redundancies.

If you own shares of KCG 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 510, Bala Cynwyd, PA  19004, 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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.