Block & Leviton LLP Investigates GeoResources Inc.'s Board of Directors for Possible Breaches of Fiduciary Duty

BOSTON, April 25, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duty by the Board of Directors of GeoResources Inc. ("GeoResources" or the "Company") (Nasdaq: GEOI) concerning the proposed acquisition of the Company by privately-held Halcon Resources Corp. ("Halcon") for $37.97 per share, which values the Company at approximately $1 billion, and is less than a 20% premium over the Company's closing price the day before the proposed transaction was announced.      

Block & Leviton's investigation seeks in part to determine whether GeoResources's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction.  The Company's shares traded as high as $35.97 per share as recently as March 19, 2012.  Moreover, at least one analyst has a target price of $39.00 per share for GeoResources' common stock and specifically noted the Company's "strong year-end reserve growth." 

If you are a GeoResources shareholder and have information relevant to this matter or have questions about your legal rights, please contact Jason M. Leviton of Block & Leviton at (617) 398-5620 or email him at [email protected].

Block & Leviton is a Boston-based law firm representing investors in cases involving violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases for over 50 years.

This notice may constitute attorney advertising.

SOURCE Block & Leviton LLP

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