NEW YORK, March 14, 2014 /PRNewswire/ -- Morgan & Morgan announces that it is investigating the Board of Directors of EPL Oil & Gas, Inc. ("EPL" or the "Company") (NYSE: EPL) concerning the sale of the Company to Energy XXI.
On March 12, 2014, Energy XXI entered into a definitive merger agreement to buy EPL. Under the terms of the agreement, EPL shareholders will receive a total value estimated at $39 per share. The transaction is valued at approximately $2.3 billion.
Our investigation concerns possible breaches of fiduciary duty and other violations of law by EPL's Board of Directors for not acting in the best interest of the Company's shareholders in connection with the sale process.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar outcome.
Morgan & Morgan Peter Safirstein, Esq. 28 West 44th Street Suite 2001 New York, NY 10036 1-800-631-6234 email@example.com
SOURCE Morgan & Morgan