Knight Capital Investor Challenges $1.4B Getco Deal

Law360, Los Angeles (January 2, 2013, 8:13 PM EST) -- A Knight Capital Group Inc. investor on Friday challenged the troubled high-frequency trading firm’s $1.4 billion merger with Getco Holding Co. LLC in a proposed class action filed in Delaware Chancery Court, claiming Knight undervalued its stock in the deal. 

Knight investor Ann Jimenez McMillan filed the class action lawsuit alleging 10 Knight directors and chairmen knowingly breached their fiduciary duties by agreeing to the merger at only $3.75 per share, failing to maximize shareholder value. 

The New Jersey-based firm and its Chicago trading rival Getco...
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