Ryan & Maniskas, LLP Announces Investigation of Globecomm Systems Inc.

Aug 27, 2013, 10:47 ET from Ryan & Maniskas, LLP

WAYNE, Pa., Aug. 27, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Globecomm Systems Inc. ("Globecomm" or the "Company") (NASDAQ: GCOM) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to an affiliate of Wasserstein & Co. in a transaction valued at approximately $340 million.

(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )

If you own shares of Globecomm would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/gcom.   You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. 

Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Globecomm for not acting in the Company's shareholders' best interests in connection with the sale process.  Under the terms of the agreement, shareholders of Globecomm will receive $14.15 per share in cash for each share of Globecomm they own.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:    Ryan & Maniskas, LLP                       Richard A. Maniskas, Esquire                       995 Old Eagle School Rd., Suite 311                       Wayne, PA 19087                       877-316-3218                       www.rmclasslaw.com/cases/gcom                        rmaniskas@rmclasslaw.com

SOURCE Ryan & Maniskas, LLP