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The Law Office of Joseph Klein Investigates Possible Breach of Fiduciary Duty by the Board of AmeriCredit Corp. - ACF

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  Published in Business and Finance on Thursday, July 22nd 2010 at 7:00 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of AmeriCredit Corp. (aAmeriCredita or the aCompanya) (NYSE: ACF) for possible breaches of fiduciary duty and other violations of state law.

Today, AmeriCredit announced that it had agreed to be acquired by General Motors Co. for $24.50 in cash per share. The transaction is expected to close by the end of the fourth quarter of 2010, pending certain closing conditions, including the approval of AmeriCredit shareholders.

The investigation concerns, among other things, whether the AmeriCredit Board of Directors breached their fiduciary duties to its stockholders by failing to adequately shop the Company before entering into this transaction and whether General Motors Co. is underpaying for AmeriCredit shares, thus unlawfully harming AmeriCredit stockholders. At least one analyst has a target price for AmeriCredit of $26.00 per share, and the stock has traded as high as $26.49 per share within the last year.

If you own common stock in AmeriCredit and wish to obtain additional information about this investigation and what is being done to advance the shareholdersa™ interests, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/americredit-gm.html ]. All consultations are confidential and free of charge.

GM and AmeriCredit will hold a joint conference call today for analysts and media at 10:00 a.m. Eastern Daylight Time. The toll-free number for U.S. callers is 800-764-4852. The dial-in number for international callers is 1-212-231-2917. Details on the call and information about how to access a replay of the call can be found on the GM or AmeriCredit websites at [ www.gm.com/corporate/investor_information/cal_events ] or [ www.americredit.com/investors/presentations.asp ], respectively.

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.