Forest Oil Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Takeover by Sabine Oil & Gas

  Forest Oil Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers
  Taylor LLP Investigate Takeover by Sabine Oil & Gas

Business Wire

DALLAS -- May 6, 2014

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor LLP are
investigating potential claims against the Board of Directors of Forest Oil
Corporation (“Forest Oil”) (NYSE: FST) related to the takeover by privately
held Sabine Oil & Gas for shareholders. Under the terms of the transaction,
Forest Oil shareholders will only receive 0.1 of a share of the post-merger
company; concurrent with the merger, Sabine’s parent company will contribute
its equity interest in Sabine to Sabine Oil & Gas in exchange for
approximately 33 million shares in the new company. The takeover will result
in former Forest Oil shareholders owning approximately 26.5% of the
outstanding Sabine Oil & Gas common stock.

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

The Forest Oil investigation centers on whether Forest Oil’s Board of
Directors is acting in the shareholders’ best interests, whether the board is
properly considering the proposed price for the shareholders, and whether the
board has employed an adequate process to review and act on the proposed
transaction.

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
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com
 
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