The Law Office of Vincent Wong Investigates Possible Breach of Fiduciary Duty by the Board of AmeriCredit Corp. - ACF
The Law Office of Vincent Wong is investigating the Board of Directors of AmeriCredit Corp. ("AmeriCredit" or the "Company") (NYSE: ACF) for possible breaches of fiduciary duty and other violations of state law.
- New York, NY (1888PressRelease) July 27, 2010 - 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 $26.33 as recently as April 23, 2010.
If you own common stock in AmeriCredit and wish to obtain additional information about this investigation and what is being done to advance the shareholders' interests, please contact Vincent Wong, Esq. directly, via email at vw ( @ ) wongesq dot com, by telephone at 212 dot 584 dot 2740, or visit http://www dot wongesq dot com/americredit-gm dot html dot All consultations are confidential and free of charge dot
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
E-Mail: vw ( @ ) wongesq dot com