Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether E*TRADE Financial Corporation has obtained a Fair Price in its sale to Morgan Stanley

MILWAUKEE, Feb. 20, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating E*TRADE [NASDAQ: ETFC] for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Morgan Stanley.

Click here to learn how to join the action: http://ademilaw.com/case/etrade-financial-corporation or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges E*TRADE's financial outlook is improving and yet shareholders will receive only 1.0432 Morgan Stanley shares for each E*TRADE share, which represents per share consideration of $58.74 based on the closing price of Morgan Stanley common stock on February 19, 2020. The merger agreement unreasonably limits competing bids for E*TRADE by prohibiting solicitation of further bids, and imposing a termination penalty if E*TRADE accepts a superior bid. E*TRADE insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of E*TRADE's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for E*TRADE.

If you own common stock in E*TRADE and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/etrade-financial-corporation.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi & O'Reilly, LLP

Related Links

http://www.ademilaw.com