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
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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
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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