SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

April 24, 2012 15:13 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of The Edelman Financial Group Inc. in Connection With the Sale of the Company to Lee Equity Partners, LLC

NEW YORK, NY--(Marketwire - Apr 24, 2012) - Levi & Korsinsky notifies investors of The Edelman Financial Group ("TEFG" or the "Company") (NASDAQ: EF) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to affiliates of Lee Equity Partners, LLC. Under the terms of the agreement, TEFG shareholders will receive $8.85 per share of TEFG stock they own. A complaint was filed in Texas state court.

Click here to learn how to join the action: http://zlk.9nl.com/the-edelman-financial-group-ef, or call: 877-363-5972. There is no cost or obligation to you.

The claims concern, among other things, whether the consideration to be paid to TEFG shareholders is unfair, inadequate, and substantially below the fair or inherent value of TEFG, and whether the Board of Directors is acting in its own interests, rather than in the interests of shareholders. TEFG Co-Chief Executive Officers Ric Edelman and George Ball, and other members of Edelman's senior management team, who own 26% of the Company's shares, will maintain a significant equity investment in TEFG. Upon the closing of the transaction, Mr. Edelman will also sell his 24% direct interest in The Edelman Financial Center, LLC to an affiliate of Lee Equity Partners.

If you own common stock in TEFG 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, http://zlk.9nl.com/the-edelman-financial-group-ef.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com