Management Buyout of GSI Commerce Investigated by Tripp Levy PLLC

NEW YORK--(BUSINESS WIRE)--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of GSI Commerce (NASDAQ: GSIC) by EBAY and GSI's CEO, Michael Rubin, for all the outstanding common shares of GSIC for $29.25 per share. As part of the transaction, GSI's founder and CEO, Michael Rubin, who owns approx. 6.5% of GSIC shares, through a newly formed entity between him and EBAY, will own and operate GSI's licensed sports merchandise business and its ShopRunner and RueLaLa's businesses.

The investigation concerns, among other things, whether the consideration to be paid to GSIC shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of GSIC. Indeed, analysts have projected that the company’s true inherent going forward value is at least $35 per share. The investigation further concerns whether GSIC's CEO and the board of directors of GSIC may have breached their fiduciary duties by not acting in GSIC shareholders' best interests in connection with the sale process of GSIC

If you own GSIC common stock 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 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com

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.

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