Law Office of Brodsky & Smith, LLC Announces Investigation of
Duff & Phelps Corporation
BALA CYNWYD, Pa., Jan. 5, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Duff &
Phelps Corporation ("Duff & Phelps" or the "Company") (NYSE:
DUF) relating to the proposed acquisition by a consortium including
The Carlyle Group, Stone Point Capital LLC, Pictet & Cie and
Edmond de Rothschild Group.
Under the terms of the transaction, Duff & Phelps
shareholders will receive only $15.55
in cash for each Duff & Phelps stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Duff
& Phelps for not acting in the Company's shareholders' best
interests in connection with the sale process. The transaction may
undervalue the Company and will result in loss for many long term
Duff & Phelps shareholders. For example Duff & Phelps stock
traded at $16.20 as recently as
April 25, 2012 and $17.64 on February 1,
2011. In addition, the price being offered is below an
analyst price target for Duff & Phelps stock.
If you own shares of Duff & Phelps stock and wish to discuss
the legal ramifications of the proposed transaction, 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 Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/525-duf-duff--phelps-corporation.html, by
calling toll free 877-LEGAL-90.
SOURCE Law Office of Brodsky & Smith, LLC