|By PR Newswire||
|March 12, 2014 07:15 PM EDT||
NEW YORK, March 12, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of EPL Oil & Gas, Inc. ("EPL" or the "Company") (NYSE: EPL) for potential breaches of fiduciary duties in connection with the sale of the Company to Energy XXI for approximately $2.3 billion. The Company's shareholders have the choice to receive either $39 dollars cash, 1.669 common shares of Energy XXI, or a combination of cash and stock each share of EPL common stock they own. As recent as October 18, 2013, EPL common stock was trading above $42.
Click here for more information: www.faruqilaw.com/EPL. There is no cost or obligation to you.
The investigation focuses on whether EPL's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of EPL's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in EPL and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EPL or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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