| [February 13, 2012] |
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The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of General Bearing Corporation in Connection with the Sale of the Company to SKF
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of General
Bearing Corporation ("GBC" or the "Company") (OTC: GNRL) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to SKF. Under the terms of the
transaction, GBC shareholders will receive $28.00 per GBC share they
own. The transaction has a total approximate value of $125 million.
Click here to learn more about the investigation: http://www.zlk.com/general-bearing-gnr,
or call: 87-363-5972. There is no cost or obligation to you.
The investigation concerns whether the GBC Board of Directors breached
their fiduciary duties to GBC stockholders by failing to adequately shop
the Company before entering into this transaction and whether SKF is
underpaying for GBC shares, thus unlawfully harming GBC stockholders.
If you own common stock in GBC and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial fraud
and represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. The attorneys at Levi
& Korsinsky have been appointed by numerous courts throughout the
country to serve as lead counsel on behalf of shareholders in major
litigations involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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