The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of The Gymboree Corporation - GYMB

FOR IMMEDIATE RELEASE
Manhattan, New York, United States of America (Free-Press-Release.com) October 11, 2010 -- The Law Office of Abe Shainberg is investigating the Board of Directors of The Gymboree Corporation (NasdaqGS:GYMB) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Bain Capital Partners, LLC. Under the terms of the deal, Gymboree shareholders will $65.40 in cash per share for a total transaction value of approximately $1.8 billion.

The investigation concerns whether the Gymboree Board of Directors breached their fiduciary duties to Gymboree stockholders by failing to adequately shop the Company before entering into this transaction and whether Bain Capital is underpaying for Gymboree shares. At least one analyst set a price target for Gymboree stock at $68.00 per share.

If you own common stock in Gymboree 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/gymboree-gymb.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.

CONTACT:
Abe Shainberg, Esq.
132 East 43rd Street, Suite 512
New York, NY 10017

Tel: (212) 425-7286
Fax: (866) 699.3880
Email: as@ashainberglaw.com