Harwood Feffer LLP Announces Investigation of GSI Commerce, Inc.

NEW YORK--(BUSINESS WIRE)--Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of GSI Commerce, Inc. (NASDAQ - GSIC) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell GSIC to eBay, Inc. (NADAQ - eBay) in a transaction valued at approximately $2.4 billion.

Under the terms of the definitive agreement, GSIC shareholders will receive $29.25 per share. The price to be paid by eBay is significantly less than analyst estimates for GSI, one of which has been targeted at $35.00 per share. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of GSIC.

If you own shares of GSIC and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Matthew Houston toll free at (877) 935-7400 or to sign up online, visit www.hfesq.com. You may also email Mr. Houston at mhouston@hfesq.com. For more information about class action cases in general, please visit our website: www.hfesq.com.

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

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