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Law Office of Brodsky & Smith, LLC Announces Investigation of AmeriCredit Corp.

^{Published on 2010-07-23 08:00:54 - Market Wire}
 

BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of AmeriCredit Corp., (aAmeriCredita or the aCompanya) (NYSE:ACF) relating to the proposed acquisition by General Motors.

Under the terms of the offer, AmeriCredit shareholders would receive cash of $24.50 for each share of AmeriCredit stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that AmeriCredit stock was trading at $21.09 a share as recently as July 14, 2010 and was trading at $26.10 a share on April 14, 2010.

If you own shares of AmeriCredit and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.