SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of E*TRADE Financial Corporation (NASDAQGS – ETFC)
BALA CYNWD, PA / ACCESSWIRE / February 26, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of E*TRADE Financial Corporation ("E*TRADE" or the "Company") (NASDAQGS:ETFC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Morgan Stanley (NYSE:MS). Under the terms of the agreement, E*TRADE shareholders will receive only 1.0432 shares of Morgan Stanley for each share of E*TRADE stock that they own, implying a deal price of $58.74.
The investigation concerns whether the E*TRADE Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Dialog is underpaying for the Company. For example, at least one financial analyst following the Company has set a price target of $62.00 for E*TRADE shares.
If you own shares of E*TRADE 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/etrade-financial-corporation-nasdaqgs-etfc/, or calling toll free 877-534-2590.
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.
SOURCE: Brodsky & Smith, LLC