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WeissLaw LLP Investigates GAINSCO, Inc.

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09/18/2020 | 09:02pm EDT

NEW YORK, Sept. 18, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GAINSCO, Inc. ("GANS" or the "Company") (OTCMKTS: GANS) in connection with the proposed merger of the Company with State Farm Mutual Automobile Insurance Company ("State Farm").  Under the terms of the acquisition agreement, the Company's shareholders will receive $107.38 in cash for each share of GANS common stock that they own.  

If you own GANS shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/gainsco-inc/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

WeissLaw is investigating whether GANS' board acted in the best interest of the Company's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of State Farm, and whether all information regarding the valuation of the transaction will be fully and fairly disclosed to GANS' public shareholders. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-gainsco-inc-301134204.html

SOURCE WeissLaw LLP

© PRNewswire 2020

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