GENESIS LEASE LTD
SymbolGLS

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Kendall Law Group Announces Shareholder Investigation into Genesis Lease Limited

2009-10-15 13:32 ET - News Release


Company Website: http://www.kendalllawgroup.com
DALLAS -- (Business Wire)

Kendall Law Group, led by a former federal judge and former US Attorney, announced an investigation on behalf of Genesis Lease Limited shareholders (NYSE: GLS) for potential breaches of fiduciary duty in connection with the proposed merger with AerCap Holdings.

According to the agreement, Genesis shareholders will receive 1 share of AerCap stock for each Genesis stock owned. The closing price as of September 17, 2009 was $8.81, valuing the transaction at $302.6 million. The deal will give AerCap access to $200 million of unrestricted cash from Genesis over the next two years.

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