This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tripp Levy Announces The Filing Of A Lawsuit Concerning The Buyout Of AmeriCredit By GM

Tripp Levy PLLC announces that a lawsuit has been filed on behalf of shareholders of AmeriCredit Corp. (NYSE: ACF) in connection with the proposed acquisition of AmeriCredit by General Motors (NYSE: GM) to acquire all of the outstanding shares of common stock of AmeriCredit for $24.50 per share in cash. In addition, AmeriCredit’s two largest shareholders, who own approx. 50% of all outstanding shares of common stock of AmeriCredit, and who has members on the Board of Directors of AmeriCredit, have voted in favor of the transaction.

AmeriCredit’s management team are expected to remain with the Company following completion of the transaction as well as vote in favor of the acquisition. Further, following completion of the transaction, GM said it is considering going public, which will further enhance AmeriCredit’s directors and management, including its two largest shareholders. This was confirmed by The New York Times which reported today that GM may in fact file for an initial public offering by August 13, 2010.

If you purchased shares of AmeriCredit common stock prior to July 22, 2010 and still hold any such shares, and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy
Tripp Levy PLLC
125 East 82 nd Street
9 th Floor
New York, New York
Toll Free: 877-772-3975


Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $130.28 0.47%
FB $81.53 -1.07%
GOOG $565.06 3.30%
TSLA $218.42 -0.08%
YHOO $44.52 1.89%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs