Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of GSI Commerce, Inc.

BOCA RATON, Fla.--(BUSINESS WIRE)--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of GSI Commerce, Inc. ("GSI" or the "Company") (Nasdaq: GSIC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to eBay Inc. Under the terms of the proposed transaction, GSI shareholders are to receive $29.25 in cash for each share of GSI, for a total transaction value of approximately $2.4 billion.

The investigation involves whether the Board of Directors of GSI breached their fiduciary duties to GSI stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether GSI has disclosed all material information to shareholders about the proposed transaction. Specifically, according to Yahoo Finance, the 17 analysts who follow the Company have a median target price of $31.00 per share, and one analyst has set a target price at $35.00 per share. Further, as part of the transaction, certain Company assets will be sold to GSI founder and CEO Michael Rubin.

If you own stock in GSI and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at jstein@jonathansteinlaw.com or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.