| [February 15, 2012] |
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The Law Firm of Weiss & Lurie Investigates General Bearing Corporation
NEW YORK --(Business Wire)--
Weiss & Lurie, a national class action and shareholder rights law firm
with offices in New York City and Los Angeles, is investigating possible
breaches of fiduciary duty and other violations of law by the Board of
Directors of General Bearing Corporation ("GBC") (OTC:GNRL.PK) arising
from its agreement for the Company and its subsidiaries to be acquired
by SKF, a Swedish company, for $28.00 per GBC share.
Weiss & Lurie is investigating whether GBC's Board acted in the best
interests of GBC shareholders in approving this deal. In approving the
deal, the Board may have breached its duties to shareholders by failing
to properly maximize the value of GBC's shares, such as by providing a
level playing field to competing bidders or by considering alternative
transactons.
If you own GBC shares and would like more information about your rights
as a shareholder or additional information concerning our investigation,
please contact Julia J. Sun either by email at info@weisslurie.com
or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have
recovered over a billion dollars for defrauded institutions and
individuals and obtained important corporate governance in these cases.
If you have information or would like legal advice concerning possible
corporate wrongdoing (including insider trading, waste of corporate
assets, accounting fraud, or issuing materially misleading information),
consumer fraud (including false advertising, defective products, or
other deceptive business practices), or anti-trust violations, please
email us at info@weisslurie.com
or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.

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