Harwood Feffer LLP Announces Investigation of LPL Financial Holdings Inc.

NEW YORK, March 23, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of LPL Financial Holdings Inc. ("LPL" or the "Company") (NASDAQ: LPLA), concerning whether the board has breached its fiduciary duties to shareholders.

On December 10, 2015, the Company disclosed that it completed early its accelerated share repurchase program, 4.3 million shares having been sold at $43.27 per share. 

On February 11, 2016, LPL disclosed fourth quarter and full year 2015 financial results well below analyst estimates.  The Company also disclosed lower commission revenues and revenues from alternative investments.  On this news, LPL stock fell over 33% to close at $16.50 per share on February 12, 2016.

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own LPL and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
                          (212) 935-7400
Email:  [email protected] 
Website:   http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO

SOURCE Harwood Feffer LLP

Related Links

http://www.hfesq.com