INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Forest Oil
Corporation and Its Board of Directors In Connection With the Sale of the
Company to Sabine Oil & Gas LLC -- FST
NEW YORK -- May 6, 2014
Levi & Korsinsky is investigating the Board of Directors of Forest Oil
Corporation (“Forest Oil” or “the Company”) (NYSE:FST) for possible breaches
of fiduciary duty and other violations of state law in connection with the
sale of the Company to Sabine Oil & Gas LLC.
Click here to learn more about the investigation:
http://zlk.9nl.com/forest-oil-fst, or call: 877-363-5972. There is no cost or
obligation to you.
Under the terms of the transaction, shareholders of Forest Oil common stock
will receive 0.1 of a share of the post-merger company, Sabine Oil & Gas
Corporation, for each share of Forest Oil common stock they own; 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. As a result of the transaction, former Forest Oil
shareholders will own approximately 26.5% percent of the outstanding Sabine
Oil & Gas common stock. The investigation concerns whether the Forest Oil
Board of directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this transaction,
and whether Sabine Oil & Gas LLC is underpaying for Forest Oil shares.
If you own Forest Oil 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. The attorneys at Levi & Korsinsky have been appointed by numerous
courts throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully recovered
multimillion-dollar damages awards on behalf of investors. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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