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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of GS Fin

^{Published on 2011-04-01 17:35:19 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of GS Financial, Inc. (aGS Financiala or the aCompanya) (Nasdaq: GSLA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Home Bancorp, Inc. Under the terms of the transaction, GS Financial shareholders will receive $21.00 cash per share of GS Financial stock they own for a total transaction value of $26.2 million.

Click here to learn how to join the action: [ http://www.zlk.com/gs-financial-corporation-gsla.html ], or call: 877-363-5972.

The investigation concerns whether the GS Financial Board of Directors breached their fiduciary duties to GS Financial stockholders by failing to adequately shop the Company before entering into this transaction and whether Home Bancorp is underpaying for GS Financial shares, thus unlawfully harming GS Financial stockholders. In particular, GS Financial stock reported a book value of $22.18 per share for the most recent quarter.

If you own common stock in GS Financial and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/gs-financial-corporation-gsla.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.