INVESTOR ALERT: LEVI & KORSINSKY, LLP Notifies Investors of EPL Oil & Gas, Inc. of Class Action Against Its Board of Director...
24 Marzo 2014 - 6:02PM
Marketwired
INVESTOR ALERT: LEVI & KORSINSKY, LLP Notifies Investors of EPL
Oil & Gas, Inc. of Class Action Against Its Board of Directors
in Connection With the Sale of the Company to Energy XXI
NEW YORK, NY--(Marketwired - Mar 24, 2014) - Levi &
Korsinsky notifies investors of EPL Oil & Gas, Inc. ("EPL" or
"the Company") (NYSE: EPL) of claims of breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Energy XXI ("XXI") (NASDAQ: EXXI). A complaint was
filed in Delaware state court.
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 claims concern 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 Energy 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, LLP Joseph Levi, Esq. Eduard Korsinsky,
Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212)
363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510
www.zlk.com
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