ISS Recommends Stockholders Vote "FOR" LaBranche & Co and Cowen Group Merger

LaBranche & Co Inc. LAB and Cowen Group, Inc. COWN today jointly announced that Institutional Shareholder Services, Inc. has recommended that LaBranche stockholders vote “FOR” the adoption of the merger agreement between Cowen and LaBranche and that Cowen stockholders vote “FOR” the issuance of shares of Cowen Class A common stock to LaBranche stockholders pursuant to the merger at their upcoming respective special meeting of stockholders scheduled to be held on June 15, 2011.