NEW YORK, July 20, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the board of directors of GlobalSCAPE,
Inc. ("GSB" or the "Company") (NYSE American: GSB) in connection
with the proposed acquisition of the Company by HelpSystems,
LLC ("HelpSystems"). Under the terms of the acquisition
agreement, which has been structured as a tender offer, GSB
shareholders will receive $9.50 in
cash for each share of GSB common stock that they own.
If you own GSB 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/globalscape-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 GSB's board was truly
independent and acted to maximize shareholder value in agreeing to
the proposed transaction, whether the board was fully informed as
to the valuation of the proposed acquisition of the Company, and
whether all information regarding the valuation of the deal will be
fully and fairly disclosed to GSB shareholders. Notably,
Company management and other insiders and their affiliates
collectively hold approximately 33% of GSB's outstanding common
shares and have agreed to tender those shares in the transaction,
calling into question the independence of GSB's board and whether
the deal is in the best interest of GSB 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
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SOURCE WeissLaw LLP