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

Top Quote The Law Office of Joseph Klein 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. End Quote
  • New York, NY (1888PressRelease) July 23, 2010 - 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 shareholders' interests, please contact Joseph Klein, Esq. directly, via email at jk ( @ ) jkleinlawfirm dot com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www dot jkleinlawfirm dot com/americredit-gm dot html dot All consultations are confidential and free of charge dot

    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 or, 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.

    Joseph Klein, Esq.
    1560 East 27th Street
    Brooklyn, NY 11229
    Telephone: (718) 947-0005
    Fax: (718) 799-1443
    Toll Free: (877) STOK-180 (877-786-5180)

    E-Mail: jk ( @ ) jkleinlawfirm dot com
    The Web:
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