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Gevity HR, Inc. Investor Investigation
Gevity HR, Inc. Investor Investigation
Investigation on behalf of investors in Gevity HR, Inc over possible breach of fiduciary duty by board of Gevity – Contact the Shareholders Foundation, Inc at mail@sharehodlersfoundation.com
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 6, 2009 --
According to a press release an investigation on behalf of current investors in common stock in Gevity HR, Inc (NASDAW: GVHR) over potential breach of Fiduciary Duty by the board of Gevity HR was announced
If you currently hold own common stock in Gevity HR, Inc (NASDAW: GVHR) you have certain options and you should contact the Shareholders Foundation, Inc. immediately!
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
According to the press release the investigation by a law firm focuses on possible breaches of fiduciary duty and other violations of state law by the board of directors of Gevity HR, Inc. arising out of their agreement to sell Gevity HR, Inc to TriNet Group, Inc. for about $98 million in cash. Gevity HR, Inc. specializes in providing small- and medium-sized businesses nationwide with a range of payroll, insurance and human resource (HR) outsourcing services and is based in Bradenton, Florida. On March 5, 2009, Gevity HR, Inc announced that it had agreed to be taken private by TriNet for $4 per share. TriNet is predominantly owned and controlled by General Atlantic LLC, a Connecticut-based equity fund that owns approximately 2.2 million shares of Gevity HR, Inc, or approximately 9.5% of Gevity HR, Inc. The transaction appears to be unfair, given that, among other things, Gevity HR, Inc’s shares (NASDAQ: GVHR) traded above $8.00 per share as recently as September 2008, and have been trading between $20 to $30 per share for several years prior to 2007, so the investigation.
If you currently hold own common stock in Gevity HR, Inc (NASDAW: GVHR) you have certain options and you should contact the Shareholders Foundation, Inc. immediately!
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
_____________________________________________________________________________________
Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices, as we can not give you legal advice. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Where: Athens,Greece
Industry: Business Services

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Industry: Business Services
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