Globecomm Systems Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Wasserstein & Co.
August 26, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Globecomm Systems Inc. (“Globecomm” or the “Company”) (NASDAQ: GCOM) breached its fiduciary duty to its shareholders in agreeing to sell Globecomm to Wasserstein & Co.
Under the terms of the agreement, Globecomm shareholders will receive $14.15 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Globecomm shareholders and the process by which the Globecomm Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.