Gevity HR, Inc. Shareholder Lawsuit

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 19, 2009 -- On Friday, March 13, 2009, an investor in Gevity HR, Inc filed a lawsuit in Manatee County circuit court that Gevity HR Inc. breached fiduciary duties to shareholders in its merger agreement with human resources provider TriNet Group Inc. of San Leandro, California, earlier this month

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

In the transaction announced March 5, TriNet agreed to pay $4 a share in cash for outstanding common stock of Gevity, which was valued around $98 million. Gevity HR, Inc. said in Securities and Exchange Commission filings that the putative class action names Gevity HR, Inc, each of its directors and TriNet. The lawsuit claims the merger agreement contains “preclusive deal protection measures and allegedly unfair merger consideration.”

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. 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. 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. The complaint seeks an unspecified award of monetary damages and recovery of costs incurred by the plaintiff.

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

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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. 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. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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