NEW YORK--(BUSINESS WIRE)--
The law firm of Wohl & Fruchter LLP is investigating whether the
directors of GFI Group Inc. (NYSE:GFIG) ("GFI") breached their
fiduciary duties to shareholders by approving a merger with CME Group
Inc. (NASDAQ:CME) ("CME").
On July 30, 2014, CME and GFI announced that they had entered into an
agreement under which CME will acquire all of the shares of GFI for
$4.55 per share, payable in CME common stock.
Immediately following CME's acquisition of GFI, a private consortium of
GFI management, led by current Executive Chairman Michael Gooch, CEO
Colin Heffron and Managing Director Nick Brown, will acquire GFI's
wholesale brokerage and clearing businesses, including the Kyte Group,
back from CME for $165 million in cash and the assumption, at closing,
of approximately $63 million of unvested deferred compensation and other
Wohl & Fruchter's investigation concerns whether the approval of the
transaction above by the directors of GFI was improperly motivated by
conflicts of interest created by CME's agreement to sell back GFI's
wholesale brokerage and clearing businesses to GFI senior management as
part of the transaction.
Additional information is available at http://www.wohlfruchter.com/cases/gfig.
Persons with relevant information, and GFI shareholders with questions
about this investigation, are invited to contact our Firm by calling
866.833.6245, or contacting the attorney below.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from
fraud and other fiduciary breaches by corporate managers, as well as
other complex litigation matters. Please visit our website, www.wohlfruchter.com,
to learn more about our Firm, or contact one of our partners.
This release may be deemed to constitute attorney advertising.
Source: Wohl & Fruchter LLP