SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of LRR Energy, L.P. -LRE
BALA CYNWYD, Pa., April 21, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of LRR Energy, L.P. ("LRR Energy" or "the Company") (NYSE-LRE-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Vanguard Natural Resources ("Vanguard").
Click here to learn more about the investigation http://brodsky-smith.com/919-lre-lrr-energy.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, LRR Energy unitholders will receive only 0.55 of a Vanguard common unit for each unit of LRR Energy they own. The transaction values LRR Energy at only approximately $8.93 per unit. The investigation concerns whether the Board of LRR Energy breached their fiduciary duties to unitholders by failing to adequately consider other strategic initiatives that may have resulted in enhanced value before agreeing to enter into this transaction, and whether Vanguard is underpaying for LRR Energy. The transaction may undervalue LRR Energy and will result in a substantial loss for many unitholders. LRR Energy traded at $20.11 per unit as recently as July 25, 2014 and an analyst has set a price target of $16.00 per unit.
If you own shares of LRR Energy and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/919-lre-lrr-energy.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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