NEW YORK, Jan. 8, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP is investigating breaches of fiduciary duty and other violations of state law by the board of directors of thinkorswim Group Inc. ("thinkorswim" or the "Company") (Nasdaq:SWIM) arising out of their attempt to sell the Company to TD Ameritrade Holding Corp. ("Ameritrade"). Under the terms of the agreement, shareholders of thinkorswim will receive $3.34 cash and 0.398 shares of Ameritrade for every share they hold of thinkorswim, or about $8.71 per share based on Ameritrade's closing price Wednesday of $13.48 per share. The transaction appears to be unfair and undervalues the Company's shares given that thinkorswim's shares traded as high as $9.45 per share as recently as October 3, 2008 and traded over $17.00 per share back in 2008.
If you own common stock in thinkorswim and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/swim.html
Levi & Korsinsky, LLP has extensive experience in prosecuting investor securities lawsuits and has an extensive practice in actions involving financial fraud. We represent investors throughout the nation, concentrating our practice in securities and shareholder litigation.