Morgan & Morgan Announces the Investigation of the Proposed Buyout of EPL Oil
& Gas, Inc. by Energy XXI - EPL
NEW YORK, March 14, 2014
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. at1(800) 631-6234or email George at
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.
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
New York, NY10036
SOURCE Morgan & Morgan
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