NEW YORK, March 14, 2014 /PRNewswire/ -- Morgan &
Morgan announces that it is investigating the Board of Directors of
EPL Oil & Gas, Inc. ("EPL" or the "Company") (NYSE: EPL)
concerning the sale of the Company to Energy XXI.
If you own shares of EPL and want more information about the EPL
merger, please contact George Pressly,
Esq. at 1(800) 631-6234 or email George at
AskGeorge@morgansecuritieslaw.com.
On March 12, 2014, Energy XXI
entered into a definitive merger agreement to buy EPL. Under the
terms of the agreement, EPL shareholders will receive a total value
estimated at $39 per share. The
transaction is valued at approximately $2.3
billion.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law by EPL's Board of Directors for not
acting in the best interest of the Company's shareholders in
connection with the sale process.
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to securities fraud, the firm also practices in
the areas of antitrust, personal injury, consumer protection,
overtime, and product liability. All of the Firm's legal
endeavors are rooted in its core mission: provide investor and
consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan