Harwood Feffer LLP Announces Investigation of LaBranche & Co. Inc.

Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of LaBranche & Co. Inc. ("LaBranche" or the "Company") (NYSE:LAB - News) concerning possible breaches of fiduciary duty and other violations of law related to the proposed acquisition by Cowen Group, Inc. in a transaction valued at approximately $192.8 million.

Under the terms of the agreement, LaBranche shareholders will receive 0.9980 of a share of Cowen Class A common stock, worth $4.71 as of Wednesday’s closing price, for each share they own of the Company's common stock. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the board of directors undertook a fair process to obtain fair consideration for all shareholders of LaBranche.

If you own shares of LaBranche and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Daniella Quitt, Esq. at [e-mail]. You may also call Ms. Quitt at [phone]. For more information about class actions, or to sign up online, please visit our website: www.hfesq.com.

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

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