Brannon Law Firm, L.L.C. Announces Initiation of Investigation Into GS Financial Corporation, Parent Company of Guaranty Savi...
April 01 2011 - 6:31PM
Business Wire
Brannon Law Firm, L.L.C. ("Brannon"), Metairie based securities
litigation law firm, announces that it is commencing an
investigation into the Board of Directors of GS Financial, Inc.
("GS Financial" or the "Company") (NASDAQ: GSLA) to determine
whether it has breached its fiduciary duties and other possible
violations of state law in connection with the sale of GS Financial
to Home Bankcorp, Inc. GS Financial Corp. is the parent company of
Guaranty Savings Bank. On March 30, 2011, Home Bankcorp, Inc.
announced a deal to buy Metairie based GS Financial for 26.4
million.
The investigation is focused on the potential unfairness of the
consideration to GS Financial shareholders and whether GS
Financial’s Board of Directors acted in the shareholders’ best
interest and properly shopped the company before entering into the
acquisition agreement with HomeBank Corp.
If you have information relevant to this investigation, or if
you own common stock in GS Financial and wish to discuss your
rights as a GSLA shareholder, you may contact Paul M. Brannon
directly without obligation or cost to you at 504-456-8696; or by
email to PMB@BrannonLawFirm.com.
Brannon Law Firm, L.L.C.
Paul M. Brannon
3500 North Hullen Street
Metairie, Louisiana 70002
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