Equal Energy Investigated for Possible Fiduciary Breaches by Branham Law, LLP
12 Dicembre 2013 - 8:44PM
Business Wire
Branham Law, LLP is investigating the Board of Directors of
Equal Energy Ltd. (“Equal Energy”) (NYSE: EQU) for potential claims
resulting from a recent agreement with Petroflow Energy Corporation
and Petroflow Canada Acquisition Corp. Pursuant to the agreement
Equal Energy shareholders will receive $5.43 in cash per owned
share. The deal is valued at $230 million.
Affected investors interested in learning more about the
transaction should contact Trey Branham at Branham Law, LLP at
214-722-5990 or via email at tbranham@branham-law.com. There is no
fee or cost to you.
The investigation is focused on whether the Board of Directors
fulfilled its fiduciary duties to shareholders in evaluating this
transaction. This transaction appears to hold little value for
shareholders as Equal Energy has recently traded at $5.50 per share
(December 5, 2013) and $4.89 per share (January 2012). It appears
that one of Equal Energy’s largest shareholders has also expressed
concerns about the company’s strategic direction.
Branham Law, LLP is a Dallas based litigation boutique with
significant class action and securities litigation experience.
Branham Law, LLPTrey Branham, 214-722-5990
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