Murray, Frank & Sailer LLP Investigates Breaches of Fiduciary Duty Regarding Acquisition of GSI Commerce Inc. by eBay Inc.

NEW YORK--(BUSINESS WIRE)--Murray, Frank & Sailer LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of GSI Commerce Inc. (NASDAQ: GSIC) (“GSI” or the “Company”) in relation to the acquisition of the Company by eBay Inc. (“eBay”).

On March 28, 2011, GSI and eBay announced that eBay will acquire GSI pursuant to a transaction under which GSI stockholders will receive $29.25 in cash in exchange for each share of GSI common stock, an aggregate value of approximately $2.4 billion. The amount represents a premium of approximately 51% over the closing price of the stock on March 25, 2011.

The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell GSI to eBay at an inadequate price through an unfair process which significantly undervalues the Company.

If you are a current investor in GSI, who purchased GSIC shares before March 28, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget Hamill at (800) 497-8076 or (212) 682-1818, or by email at investigations@murrayfrank.com.