AMERICAN COMM : The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of American Commercial Lines Inc. in Connection with the Sale of the Company to an Affiliate of Platinum Equity – ACLI

The Law Office of Abe Shainberg is investigating the Board of Directors of American Commercial Lines Inc. (?ACL? or the ?Company?) (NasdaqGS: ACLI) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to an affiliate of Platinum Equity for approximately $777 million. Under the terms of the transaction, ACL stockholders, other than GVI Holdings, Inc. and certain of its affiliates, will receive $33.00 in cash for each share of ACL common stock they hold. GVI will receive $31.25 in cash for each share of ACL common stock it holds if the transaction closes before December 31, 2010 and $33.00 per share thereafter.

The investigation concerns whether the ACL Board of Directors breached their fiduciary duties to ACL stockholders by failing to adequately shop the Company before entering into this transaction and whether Platinum Equity is underpaying for ACL shares. At least one analyst set a price target for ACL stock at $50.00 per share and ACL stock has traded as high as $33.40 per share as recently as October 13, 2010.

If you own common stock in ACL and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [e-mail] or by telephone at [phone], or visit http://www.ashainberglaw.com/acl-acli.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.

The Law Office of Abe Shainberg
Abe Shainberg, Esq., 212-425-7286
Fax: [phone]
[e-mail]