April 16, 2012
Bernstein Liehhard LLP is investigating whether the Board of Directors of The Edelman Financial Group Inc. (“TEFG” or the “Company”) (NASDAQ: EF) is breaching its fiduciary duty to its shareholders in agreeing to sell TEFG to affiliates of Lee Equity Partners, LLC.
Under the terms of the agreement, TEFG shareholders will receive $8.85 in cash for each share of common stock they own. The investigation is focused on the potential unfairness of the price to TEFG shareholders and the process by which the TEFG Board of Directors considered and approved the transaction.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.