Faruqi & Faruqi, LLP Announces The Investigation Of QR Energy, LP For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of QR Energy, LP

News provided by

Faruqi & Faruqi, LLP

Feb 06, 2014, 12:34 ET

NEW YORK, Feb. 6, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of QR Energy, LP ("QR Energy" or the "Company") (NYSE: QRE) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the QRE GP, LLC Long-Term Incentive Plan (the "LTIP").

(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO )

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on February 3, 2014 the Board of Directors recommends that QR Energy's shareholders vote to approve the authorization of an additional 3,000,000 shares of the common stock to be utilized for awards under the LTIP. The issuance of these shares could have a substantial dilutive effect on the shares of QR Energy common stock.

Request more information now by clicking here: www.faruqilaw.com/QRE. There is no cost or obligation to you.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in QR Energy and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/QRE or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

SOURCE Faruqi & Faruqi, LLP