Harwood Feffer LLP Announces Investigation of Pioneer Southwest Energy Partners L.P.
NEW YORK, May 8, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Pioneer Southwest Energy Partners L.P. ("PSE" or the "Company") (NYSE: PSE) concerning the proposed acquisition of the Company by its majority shareholder, Pioneer Natural Resources Company ("Pioneer").
On May 8, 2013, Pioneer proposed to pay public holders of PSE common units 0.2234 shares of Pioneer common stock per PSE unit owned. Pioneer wholly owns PSE's general partner and approximately 52% of PSE's outstanding common units.
Our investigation concerns whether the PSE board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own PSE shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP