SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of E*TRADE Financial Corporation to Morgan Stanley is Fair to Shareholders

NEW YORK, NY / ACCESSWIRE / February 20, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased E*TRADE Financial Corporation ("E*TRADE" or the "Company") (NASDAQ:ETFC) stock prior to February 20, 2020.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of E*TRADE to Morgan Stanley (NYSE: MS). Under the terms of the merger, E*TRADE stockholders will receive 1.0432 Morgan Stanley shares for each E*TRADE share. To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/etrade-financial-corporation-loss-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The E*TRADE merger investigation concerns whether the Board of E*TRADE breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Morgan Stanley is underpaying for E*TRADE shares, thus unlawfully harming E*TRADE shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. 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 E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 577189