The Law Office of Abe Shainberg 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. 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.

The investigation concerns 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. 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. In addition, the board agreed to a strict "no solicitation" provision and also agreed to pay a $150 million termination fee.

If you own common stock in Americredit and wish to obtain additional information, please contact Abe Shainberg, Esq. directly, via email at as@ashainberglaw.com, by telephone at 212.425.7268, or visit http://www.ashainberglaw.com/americredit.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX