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Bernstein Liebhard LLP Announces Investigation of Acquisition of AmeriCredit Corp. by General Motors Co.

^{Published on 2010-07-22 07:40:52 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Bernstein Liebhard LLP is investigating whether the Board of Directors of AmeriCredit Corp. (aAmeriCredita or the aCompanya) (NYSE: ACF) breached its fiduciary duty to its shareholders in agreeing to sell AmeriCredit to General Motors Co. (aGMa).

Under the terms of the agreement, AmeriCredit shareholders will receive $24.50 in cash for each share they own, placing the total value of the transaction at approximately $3.5 billion. The investigation is focused on the potential unfairness of the price to AmeriCredit shareholders and the process by which the AmeriCredit Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as an AmeriCredit shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or [ Ottensoser@bernlieb.com ].

Bernstein Liebhard has pursued hundreds of securities, [ consumer ] and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journala™s aPlaintiffsa™ Hot Lista in each of the last seven years.

ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.