[February 13, 2012]

Pomerantz Law Firm Investigates Claims on Behalf of Investors of General Bearing Corporation

Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of General Bearing Corporation ("General Bearing" or the "Company") (OTC: GNRL.PK) (ISIN: US3691471037) concerning the proposed acquisition of General Bearing by SKF in a cash transaction valued at approximately $125 million.

The investigation concerns whether the General Bearing directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, General Bearing shareholders would receive $28.00 in cash per share of General Bearing common stock. However, the price to revenue multiple that SKF would be paying is below that of comparable transactions. Additionally, it is nclear whether the $125 million purchase price accounts for General Bearing's $100 million in current assets.

General Bearing shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner@pomlaw.com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rebecca Jarmon at rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.

The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

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