DALLAS, Oct. 18, 2011 /PRNewswire/ -- Goldfarb Branham LLP securities lawyers are investigating whether the board of directors of Brigham Exploration Company (NASDAQ: BEXP) violated shareholder protection laws in connection with their efforts to sell the company to Statoil ASA (NYSE: STO) for $36.50 per share. Concerned stockholders should contact Hamilton Lindley at 877-583-2855 or [email protected].
"The tender offer may undervalue the company because twelve analysts have target prices higher than the offer price – from $37 to $45 per share," said securities lawyer Hamilton Lindley. "Also, the company has reported significantly increased earnings per share. Our proposed shareholder class action lawsuit seeks to ensure that the company pays fair value and discloses important information to its investors as required by law."
Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. El Paso stockholders – or anyone with knowledge about this acquisition – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855.
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SOURCE Goldfarb Branham LLP