Berry Petroleum Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Linn Energy

  Berry Petroleum Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP
  Investigate Sale to Linn Energy

Business Wire

DALLAS -- February 21, 2013

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Berry Petroleum Co. (“Berry”) (NYSE: BRY) to Linn
Energy, LLC for shareholders. Under the terms of the proposed deal valued at
approximately $2.5 billion, Berry shareholders will receive 1.25 shares of
LinnCo LLC. Based on Wednesday’s closing prices, the proposed consideration is
valued at approximately $46.24 per share, well below at least one analyst’s
estimated value of $50.00 per share and the 52-week high of $57.26.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
zach@powerstaylor.com. There is no cost or fee to you.

The Berry sale investigation centers on whether Berry’s shareholders are
receiving adequate compensation for their shares in the proposed deal, whether
the transaction undervalues Berry’s stock, and whether Berry’s board attempted
to obtain the highest share price for all shareholders prior to agreeing to
the deal. Notably, at least one analyst with Yahoo! Finance estimates that the
true inherent value of Berry could be as high as $50.00 per share. According
to shareholder rights attorney Patrick Powers, “based on the size of the deal,
the proposed sale price and other factors, we believe this transaction may
undervalue Berry’s stock. Our proposed lawsuit will seek to obtain the highest
share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.

Contact:

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com
 
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