SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of
Breaches of Fiduciary Duty by the Board of Berry Petroleum Co. in
Connection With the Sale of the Company to Linn Energy LLC Affiliate
NEW YORK, NY -- (Marketwire) -- 03/08/13 -- Levi & Korsinsky
notifies investors of Berry Petroleum Co. ("Berry" or the "Company")
(NYSE: BRY) of claims of breaches of fiduciary duty and other
violations of state law against the board of directors of the Company
in connection with the sale of the Company to an affiliate of Linn
Energy LLC ("Linn") (NASDAQ: LINE). A complaint was filed in Colorado
Click here to learn how to join the action:
http://zlk.9nl.com/berry-petroleum-bry/, or call: 877-363-5972. There
is no cost or obligation to you.
Under the terms of the transaction, Berry shareholders will receive
1.25 shares of LinnCo, LLC (NASDAQ: LNCO) stock for each share of
Berry stock they own, representing a value of approximately $46.24
per share. The transaction has a total approximate value of $4.3
billion, including the assumption of debt. Upon completion of the
merger, LinnCo will contribute the Berry assets to Linn in exchange
for Linn units. The claims concern whether the Berry Board of
Directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before entering into this transaction.
At least one analyst set a price target for Berry stock at $50.00 per
If you own common stock in Berry and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or http://zlk.9nl.com/berry-petroleum-bry/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has 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
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