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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of LAB

02-18-2011 11:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of LaBranche & Co., Inc. (“LaBranche” or the “Company”) (NYSE: LAB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cowen Group, Inc.

New York, NY, February 18, 2011 -- Levi & Korsinsky is investigating the Board of Directors of LaBranche & Co., Inc. (“LaBranche” or the “Company”) (NYSE: LAB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cowen Group, Inc. (Nasdaq: COWN). Under the terms of the transaction, LaBranche stockholders will receive 0.9980 shares of Cowen Class A stock for each LaBranche share they own. Based on the prior day closing prices, the transaction values LaBranche stock at $4.71 per share for a total transaction value of approximately $192.8 million.

Click here to learn more about the investigation: http://www.zlk.com/labranche-lab.html, or call: 877-363-5972.

The investigation concerns whether the LaBranche Board of Directors breached their fiduciary duties to LaBranche stockholders by failing to adequately shop the Company before entering into this transaction and whether Cowen Group is underpaying for LaBranche shares, thus unlawfully harming LaBranche stockholders.

If you own common stock in LaBranche and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/labranche-lab.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation,

Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

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