The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of GSI Commerce, Inc. in Connection with the Sale of the Company to eBay Inc. – GSIC

NEW YORK--(BUSINESS WIRE)--The Law Office of Abe Shainberg is investigating the Board of Directors of GSI Commerce, Inc. (Nasdaq: GSIC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to eBay Inc. (Nasdaq: EBAY). Under the terms of the transaction, GSI shareholders will receive $29.25 per share of GSI stock they own for a total transaction value of approximately $2.4 billion.

The investigation concerns whether the GSI Board of Directors breached their fiduciary duties to GSI stockholders by failing to adequately shop the Company before entering into this transaction and whether eBay is underpaying for GSI shares, thus unlawfully harming GSI stockholders. According to Yahoo! Finance, at least one analyst set a price target for GSI stock at $35.00 per share.

If you own common stock in GSI and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/gsi-commerce-inc.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. Attorney advertising. Prior results do not guarantee similar outcomes.