INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of EPL Oil & Gas, Inc. & Its Board of Directors in Connection w...
13 Marzo 2014 - 12:18PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
EPL Oil & Gas, Inc. (“EPL” or “the Company”) (NYSE:EPL) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Energy XXI
(“XXI”) (Nasdaq:EXXI).
Click here to learn more about the action
http://zlk.9nl.com/epl-oil-epl, or call: 877-363-5972. There
is no cost or obligation to you.
Under the terms of the transaction, EPL shareholders may elect
to receive either $39.00 in cash, 1.669 common shares of Energy
XXI, or $25.35 in cash plus 0.584 common shares of Energy XXI for
each share of EPL common stock they own. The investigation concerns
whether the EPL Board breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether XXI is
underpaying for EPL shares. In particular, at least one analyst set
a price target for EPL stock at $44.00 per share.
If you own EPL common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://zlk.9nl.com/epl-oil-epl.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have 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.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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