GLOBECOMM SYSTEMS INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Fiduciary Duty by Board of Globecomm Systems Inc. Regarding Sale of Company to Affiliate of Wasserstein & Co. -- GCOM

NEW YORK, Oct. 11, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Globecomm Systems Inc. ("Globecomm" or the "Company") (Nasdaq:GCOM) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to an affiliate of Wasserstein & Co. A complaint was filed in New York state court.

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Under the terms of the transaction, Globecomm shareholders will receive $14.15 in cash for each share of Globecomm stock they own. The transaction has a total approximate value of $340 million. The claims concern whether the Globecomm Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Wasserstein & Co. is underpaying for Globecomm shares. In particular, Globecomm shares have traded higher than the offer price as recently as August 16, 2013, and at least one analyst set a price target for Globecomm stock at $18.00 per share.

If you own Globecomm common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP