INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of EPL Oil &
Gas, Inc. and Its Board of Directors In Connection With the Sale of the
Company to Energy XXI -- EPL
NEW YORK, March 14, 2014
NEW YORK, March 14, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the
Board of Directors of EPL Oil & Gas, Inc. ("EPL" or "the Company") (NYSE: EPL)
for possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Energy XXI ("XXI") (Nasdaq: EXXI).
Protecting the Rights of Shareholders.
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 XI for each share of EPL common stock they
own. The investigation concerns 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 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 firstname.lastname@example.org or by telephone
at (212) 363-7500, toll-free: (877) 363-5972, or visit
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
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
SOURCE Levi & Korsinsky, LLP
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